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S&P, Dow End Month Higher as Investors Weigh Inflation Data

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S&P, Dow End Month Higher as Investors Weigh Inflation Data

The S&P 500 edged greater within the closing buying and selling day of the week, notching a fourth consecutive month of features.

The broad stock-market gauge added 3.23 factors, or 0.1%, to 4204.11. The tech-heavy Nasdaq Composite gained 12.46 factors, or 0.1%, to 13748.74. The Dow Jones Industrial Common gained 64.81 factors, or 0.2%, to 34529.45.

The S&P 500 and Dow clinched features for the month of Could, whereas the Nasdaq logged a decline, snapping a six-month streak of wins.

The month has been marked by large swings in the whole lot from shares to Worries about inflation injected a jolt of volatility to markets earlier in Could, although main U.S. indexes have regained their footing since as buyers quickly stepped again into markets.

The Federal Reserve’s most popular measure of inflation—the value index for personal-consumption expenditure, excluding meals and vitality—rose 3.1% from a 12 months earlier. A surge in demand after Covid-19 restrictions had been lifted, coupled with provide chain strains, probably led to an increase in costs final month.

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