Variation in the performance of Wall Street indices despite hopes of halting interest increases

2023-09-29 17:21:18

The performance of the main indices on Wall Street varied during the first hours of trading in the last sessions of the week, Friday.

The Nasdaq Composite Index also rose by 136.43 points, or 1.03 percent, to 13,337.71 points.

The US Federal Reserve’s preferred inflation index rose in August at the slowest monthly pace since late 2020, providing an excuse for monetary policy makers to abandon raising interest rates at their next meeting.

The core personal consumption expenditures price index, which excludes volatile food and energy components, rose 0.1 percent in August, according to Commerce Department data released Friday, which was lower than expectations for a 2.0 percent rise at the same level in July.

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