At the bell yesterday the Dow Jones Index was up by 1.2% to reach 40429.59 and the S&P 500 was up 1.16% to reach 5471 showing their largest rise in three weeks after suffering the worst week in 2024.
The rise reflected downward revision of US retail inventory figures and expectation from the Fed survey that inflation would be stable.
Investors will be awaiting anxiously the CPI index, as the expected first rate cut of this month approaches.
Apple presented the new iPhone Insignia with AI features while Boeing reached a preliminary agreement with the union representing more than 30,000 workers who had been threatening going on strike.
Among the strongest bellwether stocks were semiconductor producer Nvidia, Taiwan Semiconductor and Broadcom, as well as the cloud service provider Amazon, ev-maker Tesla and telecoms provider Verizon.
By Staff
