Markets

Wall Street climbs on track for weekly gains

2022-08-12 16:03:20 GMT (Economies.com)

US stock indices rose on Friday on steady track for weekly gains. 

 

US consumer prices earlier this week showed a slowdown in the pace of inflation during July.

 

Thus bets have now shifted from a 0.75% rate hike by the Fed at the next meeting to actually 0.5%.

 

Dow Jones rose 0.4% to 33,465 as of 14:20 GMT, while S&P 500 rose 0.7% to 4,236, as NASDAQ rose 1.1% to 12,914. 

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