Inflation fell - US stock market followed suit

Updated:

Published:

Inflation fell - US stock market followed suit
Photo: Pamela Smith/AP/TT

Wall Street's leading stock exchange index fell on Friday.

The Dow Jones industrial index lost 0.1 percent, the broad S&P 500 index fell 0.4 percent, and the tech-heavy Nasdaq composite index dropped 0.7 percent.

The sour stock market came despite fresh figures showing a decline in American inflation in May, in line with market expectations. The news caused all indexes to rise in early trading – a boost that ultimately fizzled out.

Friday's trading marked the end of the first half of the trading year 2024. A strong half-year, according to the figures. The AI rally has lifted the broad S&P index 14.6 percent over the first six months of the year.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...