Overnight, Wall Street's benchmark S&P 500 index rose 0.5% to near last week's all-time high after Fed chairman Jerome Powell said inflation is mostly in areas that suffer supply shortages. He said inflation that hit 5% over a year earlier in May is likely to subside as economic activity revives.
Also Wednesday, the preliminary version of a monthly survey of Japanese manufacturers showed activity weakened this month amid shortages of processor chips and anti-coronavirus restrictions. Measures of production, output and export orders all declined. The Dow Jones Industrial Average gained 0.2% to 33,945.58 and the Nasdaq composite rose 0.8% to 14,253.27.
'Tis rather strange that you write 'CTV', but then write 'U.S.' -- inconsistent. U.S. -- incorrect, archaic, oldfartesque US -- correct Periods/full-stops do not appear in acronyms and initialisms. reference: Fowler's Modern English Usage