new York Ahead of the upcoming US inflation data for June, investors on Wall Street did not dare to come out of cover at the start of the week. The Dow Jones index of standard values closed 0.6 percent higher at 33,944 points. The tech-heavy Nasdaq advanced 0.2 percent to 13,685 points. The broad S&P 500 gained 0.2 percent to 4409 points.
Investors were eagerly awaiting the midweek US inflation figures, which are also seen as an important factor in the US Federal Reserve’s interest rate decision. Economists are assuming a decreasing rate of increase, as a Reuters survey has shown. “Energy prices and in-store food prices have come down,” said Robert Pavlik, portfolio manager at Dakota Wealth. Inflation is thus moving in the right direction, even if it is proving to be tough in some areas.
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