Wall St closes up, regains ground as US inflation report nears

U.S.stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday's highly awaited U.S. inflation report. The mainstockindexes ended last week lower as investors took profits after months of gains due to worries over economic data, mixed earnings and rising Treasury yields. U.S.stocks have sharply rallied in 2023, with the benchmark S&P 500 rising 17.7 percent this year, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy. "I think you've got enough people that might be looking to put some money to work, because they've really missed a lot of this ral...

Keep on reading: Wall St closes up, regains ground as US inflation report nears

from INQUIRER.net https://ift.tt/LQlZ2Yu

Post a Comment

Previous Post Next Post