On Wednesday, the hope that the Federal Reserve can bring down inflation without pushing the U.S. economy into a recession saw stocks rise. A new data revealed this, and the S&P 500 for 2023 reached a new high.
The end of the broad market index advanced to reach 4,472.16, an increase of 0.74%. The Dow Jones Industrial Average closed at a high of 34,347.43, trading 86.01 points higher, an increase of 0.25%. The Nasdaq Composite saw a jump of 1.15%, reaching 13,918.96. The highest levels since April 2022 were achieved by both the S&P 500 and the Nasdaq.
Source (CNBC)
