Thursday 15 August 2024: Markets advance after annual rate of headline consumer inflation falls below 3%

Aug 15, 2024 · 7m 22s
Thursday 15 August 2024: Markets advance after annual rate of headline consumer inflation falls below 3%
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US equity markets advanced after the annual rate of headline consumer inflation fell below 3% for the first time since March 2021  - Dow gained +243-points or +0.61%, with American...

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US equity markets advanced after the annual rate of headline consumer inflation fell below 3% for the first time since March 2021  - Dow gained +243-points or +0.61%, with American Express Co (up +2.0%) the leading performer in the 30-stock index.
The broader S&P500 added +0.38%, extending gains into a fifth straight session that has lifted the index +4.83%. Financials (up +1.29%) led eight of the eleven primary sectors higher.
The Nasdaq inched +0.03% higher, shaking of earlier session declines to log a fifth straight session advance that has lifted the technology-centric index +6.05% over that stretch. Google-parent company Alphabet Inc fell -2.31% following news after the close of the previous session that the U.S. Department of Justice was weighing an effort to break up the technology behemoth.
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Author Morgans Financial Limited
Organization Morgans Financial Limited
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