Wall Street ends up, extends recent gains on cooling US inflation

On Thursday, US stocks extended recent gains, with the Nasdaq rising for a second day due to data showing that the annual increase in US producer inflation was the smallest in nearly three years, which provided evidence that inflation pressures were subsiding.

Jul 14, 2023 - 09:30
Wall Street ends up, extends recent gains on cooling US inflation
On Thursday, US stocks extended recent gains, with the Nasdaq rising for a second day due to data showing that the annual increase in US producer inflation was the smallest in nearly three years, which provided evidence that inflation pressures were subsiding.