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Stocks climb higher on low inflation and strong Treasury auction
3 Articles
3 Articles
Stocks climb higher on low inflation and strong Treasury auction
Stocks climbed modestly higher on Thursday as two days of low inflation readings and the conclusion of a round of talks between the U.S. and China cheered investors. Boeing plunged after the Air India crash. A 30-year Treasury auction showed investors still want long-term U.S. debt, deficit fears notwithstanding. Investors cheered two days of positive inflation data that sent stocks modestly higher Thursday. The S&P 500 gained 0.38%. The Dow and…
The US stock markets rose slightly on Thursday. At the close of trading in New York, the Dow was at 42,968 points, up 0.2 percent compared to the previous trading day. The Nasdaq 100 also saw a small increase, closing 0.2 percent higher at 21,913 points, while the broader S&P 500 ended the day at 6,045 points, up 0.4 percent. The release of producer prices for May, which rose only slightly, provided some relief. Accordingly, inflationary pressur…
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