World shares began June mostly higher after a report showing that inflation in the U.S. is not worsening drove a rally on Wall Street.
Friday’s report from the U.S. government also showed growth in consumer spending weakened by more than economists expected. Growth in incomes for Americans also slowed last month.
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Stock market today (May 7, 2024): Wall Street rises to add to last week’s gainsU.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or 1.2%, to 16,349.25.
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