Dow closes more than 700 points as inflation passes its peak

On January 9, 2023, reporters reported that the Dow Jones New York Stock Exchange closed the market on Friday (January 6).

The Dow Jones Industrial Average closed at 33,630.61 points, an increase of 700.53 points or +2.13%, the S&P500 index closed at 3,895.08 points, an increase of 86.98 points or +2.28% and the Nasdaq index closed at 10,569.29 points, an increase of 264.05 points or +2.56%, which in the cycle this week The Dow added 1.46%, the S&P 500 gained 1.45% and the Nasdaq gained 0.98%.

The Dow rose in response to the non-farm payrolls report. Including the US service sector index. This indicates that inflation has passed its peak. And will be a factor supporting the Federal Reserve (Fed) to slow down the rate hike.

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