NASDAQ continues to mark record highs

Economies.com
2024-05-23 16:49PM UTC

Most US stock indices rose today as markets process the Federal Reserve’s meeting minutes in addition to recent data. 

 

The latest Federal Reserve’s meeting minutes were more bullish than expected, showing that many officials are still dismissive of any steps towards policy easing. 

 

They focused on ongoing inflationary risks, including geopolitical events, and pointed to the pressure undergone by low-income consumers due to higher prices. 

 

As for data, US unemployment claims fell to 215 thousand last week from 223 thousand, below estimates of 220 thousand.

 

On trading, Dow Jones fell 0.7%, or 301 points as of 17:45 GMT to 39,371, while S&P 500 rose 0.2%, or 8 points to 5315, as NASDAQ added 0.7%, or 119 points to 16,920. 

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