Dow Rises for 5th Day; Wall St Extols Cooling Inflation
Posted on AllSides August 14th, 2024
From The Right
Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.6%, the fifth trading session in a row it has been up, and the Nasdaq composite ended basically flat. Treasury yields were steady after the U.S. government said consumers paid prices for food, gasoline and other things last month that were 2.9% higher than a year earlier. The data should keep...
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