The CommSec Market Update 14 Feb 23: US stocks advance ahead of key inflation data

<p>US sharemarkets advanced on Monday after a New York Federal Reserve consumer survey showed inflation expectations were little changed in January. Microsoft shares gained 2.7% following a price target increase by broker Stifel due to the tech giant's integration with ChatGPT. Meta Platforms shares added 3% on reports that the company was preparing to announce a fresh round of job cuts. Ford Motor (+2.8%) said it will collaborate with a Chinese supplier on a new US$3.5 billion battery plant for electric vehicles in Michigan. Shares of Fidelity National Information Services plunged 13.6% following its decision to spin-off its merchant payments business. With around an hour left of trade, the Dow Jones index was up by 284 points or 0.8%. The S&P 500 index rose 0.9% and the Nasdaq index added 135 points or 1.2%.</p> <p>This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank) and a Market Participant of ASX Limited and Cboe Australia Pty Limited.  All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway.  It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance.  CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication.  Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and