Stock Exchange Compensates for Some Losses After Inflation Data
The American stock exchange today, on Tuesday, compensated part of yesterday’s losses at the auctions, and the Wall Street indices rose at the auctions by about 2% after the inflation data.
And by 18:00 Moscow time, the Dow Jones index rose by 1.27% to 32224.7 points, and the Nasdaq index rose by 1.95% to 11407.14 points.
The broader Standard & Poor’s 500 rose 1.86% to 3927.5, according to Bloomberg data.
In light of this, U.S. bank stocks rose significantly after the collapse today, Monday, as the banking sector index rose 4.8 percent after falling 7.3 percent the previous day.
The rise comes after data from the US Bureau of Labor Statistics showed that the annual inflation rate in the United States slowed to 6% in February last year, the lowest level since September 2021.
February results were in line with market expectations compared to 6.4% recorded in January.
Source: Prime + Bloomberg.
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