U.S. stocks end a volatile week higher as Dow industrials, S&P 500 notch 3rd straight week of gains

U.S. stock indexes finished higher on Friday with the Dow Jones Industrial Average and the S&P 500 closing out their third winning week in a row, bolstered by better-than-expected earnings from megacap technology companies and hopes that the Federal Reserve will tame inflation by hiking interest rates aggressively without causing a recession. The Dow industrials DJIA, +0.50% rose 176 points, or 0.5%, to end at 35,459, posting a weekly gain of 0.7%. The S&P 500 SPX, +0.

In U.S. economic data, the personal consumption expenditures price index showed U.S. inflation eased 0.2% in June, compared with May’s increase of 0.3%. The rate of core inflation, which omits volatile food and energy prices, rose 4.1% in the last 12 months, down sharply from May’s 4.6% increase, but that still puts it at a more than two-year low. It’s still far above the Fed’s 2% target, however.

Meanwhile, consumer spending rose 0.5% in June in a sign of confidence as inflation eased again and the U.S. economy continued to grow.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

These are the companies that had the biggest impact on the Dow's historic winning streakThe Dow Jones Industrial Average will likely conclude its historic 13-session winning streak on Thursday.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stock Market Today: Dow Futures Edge Up as More Earnings Roll InLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »