Most US stock indices gain ground after inflation data
2024-02-29 17:40PM UTC

Most US stock indices rose on Thursday following US data that showed inflation has slowed down. 


The data released earlier today showed US personal spending rose 0.3% in January m/m, and 2.4% y/y, slowing down slightly from December.


Core spending rose 0.4% m/m in January, and 2.8% y/y, also slowing from December. 


Such data showed that inflation is ever so slightly losing steam in accordance with Fed’s plans. 


On the other hand, US labor data showed unemployment claims rose 13 thousand to 215 thousand in the week ending February 24. 


Following the collective data, US two-year treasury yields fell by 3 basis points to 4.619%, while 10-year yields fell by 4 basis points to 4.232%. 


Dow Jones fell 0.2%, or 78 points as of 17:39 GMT to 38,871, while S&P 500 rose 0.1%, or 5 points to 5,075, as NASDAQ added 0.3%, or 44 points to 15,993. 

American Markets News

Americas News


US stock indices edge lower, but Dow Jones ekes out gains
2024-04-16 15:00PM UTC
Most US stock indices lost ground on Tuesday with the exception of Dow Jones, amid a constant flux ...
Americas News


Wall Street climbs after positive data
2024-04-15 16:05PM UTC
US stock indices rose on Monday following strong retail sales data and earnings results by Goldman ...
Americas News


Wall Street collapses, Dow Jones slides below 38,000
2024-04-12 18:12PM UTC
US stock indices fell on Friday as markets assess latest inflation data released this ...