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Cautionary stock market movements in the USA

» Updated: 16 July 2024, 15:00

» Published: 27 June 2024

Cautionary stock market movements in the USA
Photo: Yuki Iwamura/AP/TT

There were small stock market movements on the leading indexes on the New York Stock Exchange on Thursday.

The technology-heavy Nasdaq composite index rose 0.3 percent, while the Dow Jones industrial index and the broad S&P 500 index both increased 0.1 percent.

Chip manufacturer Micron fell 7.1 percent after the company's quarterly report failed to meet expectations.

Jeans manufacturer Levi Strauss also disappointed investors with its report. The stock plummeted 15.4 percent.

During the day, it was announced that the US economy had grown slightly more during the first quarter than previously calculated. The growth rate was 1.4 percent during the quarter.

Investors are now waiting for the inflation figures to be released on Friday. The PCE inflation rate will be presented, which the US central bank Federal Reserve sees as the most important price indicator when making decisions on future interest rates.

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By TTThis article has been altered and translated by Sweden Herald

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