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US equities finished the week higher in the US as cooling inflation led to improved sentiment amongst investors, writes Ian Slattery.
In the US, during a week shortened by Independence Day, equity markets ended higher, writes Ian Slattery.
In the US, equities posted modest gains during a trading week shortened by the Juneteenth holiday.
US equities rose at the end of the week, driven by lower-than-expected inflation indicators for May, as reflected in the Consumer Price Index (CPI) and Producer Price Index (PPI), writes Ian Slattery.
US equities had a mixed performance for the week due to indications of a cooling economy and varying signals within the labour market, writes Ian Slattery.
During the holiday-shortened week, the major US equity indices closed lower. The release of the Personal Consumption Expenditures Price Index (PCE), which is the Federal Reserve's preferred gauge for tracking inflation, showed little change compared to previous months, writes Ian Slattery.
The major indices recorded widely varying results over the week. Equities saw a surge in the major tech-heavy indices, largely driven by NIVIDA’s strong earnings report, while the Dow suffered its worst week since early April, writes Ian Slattery.
Last week US equities rallied on the back of better-than-expected inflation news, writes Ian Slattery.
Last week saw US equities end the week in positive territory, as hopes that the labour market may be beginning to cool prevailed, writes Ian Slattery.
Last week saw US equity markets close out Friday in positive territory despite volatile trading. Early in the week, negative economic data releases pushed stocks downward, with inflation being the primary concern for investors, writes Ian Slattery.