Wall Street rises with hopes that inflation will keep cooling

Stocks are on the rise this Thursday, as Wall Street takes a moment to breathe after receiving the latest update on inflation in the United States.

At midday, the S&P 500 saw a 0.6% increase, potentially marking only its second positive day out of the past eight.

The Dow Jones Industrial Average showed a gain of 231 points, equivalent to a 0.7% rise, reaching 35,455 by 11:40 a.m. Eastern time. Meanwhile, the Nasdaq composite experienced a 0.7% uptick.

The much-anticipated report unveiled on Thursday revealed that consumer prices in the U.S. rose by 3.2% in July compared to the previous year, the Associated Press reported.

READ MORE: https://apnews.com/article/stock-markets-economy-us-inflation-china-trade-319c31aa01bf546bf11e8ff6c321a31d

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley