Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

USA week ended with rising prices

» Updated: 30 August 2024, 23:02

» Published: 30 August 2024

USA week ended with rising prices
Photo: Peter Morgan/AP/TT

The New York Stock Exchange ended the trading week with rising prices.

The broad S&P 500 index rose 1.0 percent, the Dow Jones industrial index increased 0.6 percent, while the technology-heavy Nasdaq composite index advanced 1.1 percent.

During the day, a report was released showing that inflation in the US, according to the so-called PCE measure, remained unchanged. The report shows that price increases in the country are slowing down, which could pave the way for an interest rate cut at the US Federal Reserve's meeting in September.

The technology sector performed strongly during the day, for example, chip giant Nvidia closed 1.5 percent up. Chip manufacturers Marvell Technology and Broadcom rose 9.2 percent and 3.8 percent, respectively.

Computer manufacturer Dell released its quarterly figures, which exceeded analysts' expectations. The stock rose 4.3 percent.

For the entire past week, the S&P 500 rose 0.2 percent, the Dow Jones increased 0.9 percent, while Nasdaq fell 0.9 percent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange rises after interest rate cut
1 MIN READ

Stockholm Stock Exchange rises after interest rate cut

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected