Wall Street rises after inflation data, Dow Jones jumps 500 points

2022-08-10 18:31:54 GMT (Economies.com)
Wall Street rises after inflation data, Dow Jones jumps 500 points

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%
 
 
US
 
Europe
 
Asia