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Nasdaq 100 closes at 18-month high as U.S. stocks rally on inflation report

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U.S. stocks climbed to fresh closing highs on Wednesday after inflation data for June came in softer than expected. The Dow Jones Industrial Average rose by 86.01 points, or 0.3%, to 34,347.43.

U.S. stocks climbed to fresh closing highs on Wednesday after inflation data for June came in softer than expected. The Nasdaq 100 NDX, +1.24% logged its highest close since Jan. 14 2022, FactSet data show. It is now approaching its all-time highs from late 2021. The Invesco QQQ Trust QQQ, +1.26%, an exchange-traded fund that tracks the Nasdaq 100, gained $4.65, or 1.3%, to $372.82 per share, according to preliminary closing data from FactSet. The S&P 500 SPX, +0.

16, per FactSet preliminary closing data. The Nasdaq Composite COMP, +1.15% gained 158.26 points, or 1.2%, to 13,918.96, its highest closing level since April 5, 2022. The Dow Jones Industrial Average DJIA, +0.25% rose by 86.01 points, or 0.3%, to 34,347.43. Data released on Wednesday showed both headline and core consumer-price inflation rates slowed to 0.2% during the month of June, the smallest monthly increase since August 2021.

 

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