[Breaking] New York Stock Market Rises on CPI Slowdown and Interest Rate Hold Expectations... Nasdaq Up 0.83%
The three major indices of the U.S. New York Stock Exchange all closed higher on the 13th (local time) after the Consumer Price Index (CPI) inflation rate released showed the lowest level in 2 years and 2 months. This was due to strengthened expectations that the Federal Open Market Committee (FOMC) would keep interest rates unchanged at its regular meeting in June.
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On that day, the Dow Jones Industrial Average closed up 0.43% from the previous session. The large-cap-focused S&P 500 index rose 0.69%, and the tech-heavy Nasdaq index closed up 0.83%.
This content was produced with the assistance of AI translation services.
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