US shares end with increases as inflation softens| MENAFN.COM

Tuesday, 28 March 2023 08:29 GMT

US shares end with increases as inflation softens

(MENAFN) US shares ended Tuesday with increases with facilitating inflation numbers in the nation.

Yearly consumer inflation in the US came in at 6 percent in February, softening from 6.4 percent in January. The number lowered worries that the Federal Reserve would consider a massive rate rise next week.

The Dow Jones gained 336 points, or 1.06 percent, to reach 32,155, whereas the S&P 500 earned 63 points, or 1.65 percent, to stand at 3,919.

In a 2.14 percent surge, the tech-heavy Nasdaq soared 239 points to 11,428.

The VIX volatility index, also known as the fear index, dropped 10.5 percent to reach 23.73, whereas the 10-year US Treasury yield jumped 4.8 percent to reach 3.685 percent.

The dollar index surged 0.1 percent to reach 103.66, whereas the euro dropped 0.1 percent to USD 1.0734 versus the dollar.

Precious metals were in the red territory, with the cost of gold dropping 0.5 percent to reach USD1,904 an ounce, and silver falling 0.6 percent to reach USD21.66.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.