US stocks post narrow gains ahead of inflation data

Quick Summary:

Dow Jones Industrial Average finishes up 0.1 per cent at 39,164.06.

A good inflation reading would “give investors the confidence that maybe the Fed will start to cut rates sooner rather than later,” Mr Stovall added.

The market is “being quite tentative about making an assessment before the actual PCE data is released,” said CFRA Research’s Sam Stovall.

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Category: EconomyBusiness

Markets: Singapore

Topics: Markets Finished York June Stocks Cent Higher Influence Inflation Data Expected

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 05:45:11 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 456 words

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