Wall Street ends up with growth stocks, but inflation fears linger

📆 2022/06/07 10:27:00
📰 malaymail

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NEW YORK, June 7 — US stocks ended slightly higher on Monday with gains in Amazon.com and other mega-cap growth shares offset by persistent worries over inflation. Shares of...

NEW YORK, June 7 — US stocks ended slightly higher on Monday with gains in Amazon.com and other mega-cap growth shares offset by persistent worries over inflation.

A solid jobs report on Friday lowered hopes of a pause in the Federal Reserve’s aggressive policy-tightening plan. “There’s been a push-pull in the markets now for a while,” said Paul Nolte, portfolio manager at Kingsview Investment Management in Chicago. According to preliminary data, the S&P 500 .SPX gained 12.38 points, or 0.30 per cent, to end at 4,120.92 points, while the Nasdaq Composite .IXIC gained 53.25 points, or 0.44 per cent, to 12,059.82. The Dow Jones Industrial Average .DJI rose 21.75 points, or 0.07 per cent, to 32,921.45.

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