Dow Jones, S&P 500, Nasdaq: Wall Street closes barely changed - oil price rises
Oil prices are rising, and US bond yields are also reaching their highest level since 2002. However, the hope of one less interest rate hike this year is still making investors optimistic.
US stock markets mostly recovered from initial losses on Thursday. The Dow Jones closed at 50,926 points, nearly unchanged from the previous day, while the S&P 500 closed slightly up at 7,666 points and the Nasdaq remained unchanged at 26,871 points. The Nasdaq 100 rose 0.3% to 30,501. Recent inflation data showed the personal consumption expenditures price index remained at 3.4% in August, lower than expected, which may lead the Federal Reserve to forego a rate hike in October.
Despite this, Micron's shares fell over 3% after the company released surprisingly high targets for the current quarter.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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