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Stocks Increase As Inflation Rates Decline

Stocks increased on Tuesday after new inflation data revealed that price pressures eased once more in May, boosting investor confidence that the Federal Reserve may decide against raising interest rates when it makes its next policy decision this week.

Trading saw a 0.6% increase in the Dow Jones Industrial Average, or 187 points. The Nasdaq Composite increased 0.8% and the S&P 500 rose 0.6%. On Monday, both the S&P 500 and the Nasdaq Composite closed at their highest levels since April 2022.

Source (CNBC)

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