Markets
Wall Street rises after inflation data, Dow Jones jumps 500 points
2022-08-10 18:31:54 GMT
(Economies.com)
US stock indices rose on Wednesday after the release of US inflation data.
US consumer prices rose 8.5% y/y in July, less than 8.7% expected, and down from 9.1% in June.
Core prices rose 5.9% y/y last month, and 0.3% m/m, while analysts expected a 0.2% rise.
Gasoline prices rose 7.7% y/y, the highest since April 2020, after rising 11.2% in June, while food costs rose 10.9%.
Dow Jones rose 1.5% as of 14:31 GMT to 33,254, while S&P 500 rose 1.6% to 4,186, as NASDAQ climbed 2% to 12,740.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
0.9687
|
0.0032
|
0.3273%
|
|
|
|
|
1.0814
|
-0.0006
|
0.0568%
|
|
|
|
|
18.836
|
-0.023
|
0.122%
|
|
|
|
|
82.311
|
3.017
|
3.805%
|
|
|
|
|
89.32
|
3.00
|
3.48%
|
|
|
|
|
1656.640
|
11.280
|
0.686%
|
|
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