The stock market went from mixed to positive on Thursday with less volatility than Wednesday as investors await greater clarity of the economic future, with the Dow Jones up 0.58% to reach 41096.77, S&P 500 up by 0.75% to reach 5595.76 and the Nasdaq Composite up by 1% to reach 17569.68.
This was the third rise of the Dow in four days, while the other two indexes rose their fourth day straight.
The market took note that producer prices rose slightly more than expected in August but not enough to disturb expectation of coming Fed rate cuts.
This view coincided with CPI inflation coming in as expected, continuing the momentum towards economic deceleration which for some investors remains a worry.
By Staff
