Xinhua
11 Jun 2021, 02:35 GMT+10
NEW YORK, June 10 (Xinhua) -- U.S. stocks finished higher on Thursday as investors sifted through newly-released economic data.
The Dow Jones Industrial Average was up 19.10 points, or 0.06 percent, to 34,466.24. The S&P 500 increased 19.63 points, or 0.47 percent, to 4,239.18. The Nasdaq Composite Index rose 108.58 points, or 0.78 percent, to 14,020.33.
Seven of the 11 primary S&P 500 sectors ended in green, with health care up 1.69 percent, leading the laggards. Financials slipped 1.12 percent, the worst-performing group.
U.S.-listed Chinese companies traded mostly higher with seven of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
The above market moves came despite a key inflation report showing a larger-than-expected increase in price pressures in the United States.
The headline Consumer Price Index (CPI) rose 0.6 percent in May for a 5.0-percent year-over-year gain, the U.S. Bureau of Labor Statistics reported on Thursday, above the 4.7-percent consensus.
The core CPI, which excludes food and energy, rose 0.7 percent for a 3.8 percent yearly increase, also above the market consensus.
"There's plenty of evidence this was another month of transitory increases, but the Fed's patience will be tested yet again at the FOMC (Federal Open Market Committee) meeting next week," Chris Low and Will Compernolle, economists at FHN Financial, said in a note on Thursday.
Meanwhile, a separate report released by the Labor Department showed that U.S. initial jobless claims, a rough way to measure layoffs, decreased by 9,000 to 376,000 in the week ending June 5, marking a fresh pandemic-era low.
Get a daily dose of Vietnam Tribune news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vietnam Tribune.
More InformationNew Delhi [India], July 13 (ANI): The All India Pickleball Association (AIPA) announced the Indian Junior Pickleball team to compete...
Islamabad [Pakistan], July 13 (ANI): Five senior leaders of Pakistan Tehreek-e-Insaf (PTI), who are currently imprisoned in Kot Lakhpat...
Balochistan [Pakistan], July 13 (ANI): A man from Naseerabad district in Balochistan, Azmat Rind, was allegedly tortured to death while...
Rameswaram (Tamil Nadu) [India], July 13 (ANI): Seven Indian fishermen were arrested by the Sri Lankan Navy on Sunday morning for allegedly...
Canberra [Australia], July 13 (ANI): Australia's Minister of Foreign Affairs Penny Wong has announced 34 recipients of this year's...
New Delhi [India], July 13 (ANI): Bharatiya Janata Party (BJP) leader Amit Malviya on Sunday targeted West Bengal Chief Minister Mamata...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...