Wall Street bullish after inflation slows, ends higher

2023-07-12 21:25:51

Le Nasdaq has bonds of 1.15%.

Made optimistic regarding the trajectory of interest rates following the deceleration of US inflation, the New York Stock Exchange closed sharply higher on Wednesday, its best session of the month, driven by technology stocks.

The Nasdaq, home to many highly interest-rate sensitive technology companies, jumped 1.15%, the Dow Jones gained 0.26% and the broader S&P 500 index advanced 0.75%, according to provisional results.

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Alexandra Hartman Editor-in-Chief

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