As investors anticipated a significant U.S. inflation data on Wednesday, the S&P 500 saw a small increase.
With a 0.2% increase, the broad market index hit a new high and is on pace to rise for a seventh day in a row.
In addition, the Nasdaq Composite reached an all-time high, rising by 0.5%. The flatline was the Dow Jones Industrial Average’s constant.
After setting new records for the Nasdaq Composite and S&P 500, Jerome Powell, the chair of the Federal Reserve, issued a warning that maintaining high interest rates for an extended period of time could impede economic expansion.
The Nasdaq increased by 0.14%, and the S&P 500 gained 0.07%. 52.82 points, or 0.13%, were removed from the 30-stock Dow.
Source (CNBC)
