The US market closes at a new record | latest news

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Stocks on Wall Street closed higher Thursday, June 10, and the S&P500 index reached its closing high, as economic data appeared to support the Federal Reserve’s assertion that the current wave of rising inflation would be temporary.All three major US stock indices advanced, and the Nasdaq index took the lead, supported by the shares of large-cap companies that have a leading role in the market.

But the shares of transport companies and small-cap companies, which are sensitive to the economy, ended the session on a loss.

Labor Department CPI data came in above average expectations, and fueled debate over whether current price hikes could turn into long-term inflation, despite the Federal Reserve’s assurances to the contrary.

But a closer look showed that many of the price hikes came from items such as staples and airfares, so it is likely to be temporary.

The Dow Jones Industrial Average rose 12.21 points, or 0.04%, to 34459.35 points, the S & P 500 index closed up 19.71 points, or 0.47%, to 4239.26 points, and the Nasdaq Composite Index increased 106.86 points, or 0.77%, to 14018.61 points.





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