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US stocks end higher, erasing weekly loss for the S&P 500

1 month ago   |   By Star Tribune

Stocks closed higher Thursday, bringing the S&P 500 index to another record high and out of the red for the week. The benchmark index rose 0.5%, led by gains in health care and technology companies. The Dow Jones Industrial Average edged up 0.1%. and the Nasdaq Composite rose 0.8%. Bond yields mostly fell despite a much-anticipated report showing a big jump in inflation last month. Consumer prices rose 5% in May, the biggest year-over-year increase since 2008 and more than economists had expected. The yield on the 10-year Treasury note fell to 1.45% from 1.49% a day earlier.
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S&P 500 hits record high as traders sidestep hotter-than-expected-inflation reading

S&P 500 hits record high as traders sidestep hotter-than-expected-inflation reading

1 month ago   |   By Business Insider

Summary List Placement The S&P 500 climbed to a record high Thursday in a winning session for US stocks as investors appeared to embrace the Federal Reserve's signals that hot inflation readings will be temporary and that it will stick with economic support measures.
The broad-market index soared to a record high just under 4,240 and the Nasdaq Composite surpassed 14,000 for the first time since early May. The Dow Jones Industrial Average gained ground after a string of three consecutive losses.
Stock indexes had been mixed early Thursday after the Labor Department said consumer prices in...
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