UBS - US Stocks Edge Higher; Inflation Slows To 3% In June | Benzinga
U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 0.1% on Thursday.
Following the market opening Thursday, the Dow traded up 0.06% to 39,745.57 while the NASDAQ rose 0.08% to 18,661.87. The S&P 500 also rose, gaining, 0.04% to 5,636.44.
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Leading and Lagging Sectors
Materials shares jumped by 1.2% on Thursday.
In trading on Thursday, financials shares fell by 0.1%.
Top Headline
The Consumer Price Index in the United States slowed more than expected in June. Headline CPI inflation slowed from 3.3% in May 2024 to 3% in June 2024 on a year-over-year basis, below the 3.1% expected among economists, as tracked by TradingEconomics.
On a monthly basis, inflation contracted by 0.1% compared to May 2024, decelerating from the previous flat reading and marking the lowest print since May 2020.
Equities Trading UP
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