Market Report - US Close

US close: S&P 500, Nasdaq hit new highs after CPI data and FOMC meeting

By Benjamin Chiou

Date: Wednesday 12 Jun 2024

(Sharecast News) - US stocks finished mostly higher on Wednesday with the S&P 500 and Nasdaq reaching new highs after data showed a larger-than-expected slowdown in inflation and the Federal Reserve gave more visibility around the interest-rate outlook.
The Dow closed down 0.1% at 38,712.21, while the S&P 500 gained 0.9%...

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