[Breaking] New York Stock Market Closes Higher on Weak Dollar and Peak Inflation Expectations... Nasdaq Up 1.27%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the US New York stock market closed higher on the 12th (local time) ahead of the August Consumer Price Index (CPI) announcement, as the weak dollar and the theory of inflation peaking spread.
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On this day in the New York stock market, the Dow Jones Industrial Average rose 0.72% from the previous session to close. The S&P 500 index, centered on large-cap stocks, rose 1.07%, and the Nasdaq index, centered on tech stocks, closed up 1.27%.
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