Dow Surges Over 300 Points; US Inflation Rate Slows In May
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
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Source: Benzinga
- U.S. Stock Market: Dow Jones index gained over 300 points, with the NASDAQ and S&P 500 also rising.
- Top Headline: Annual CPI inflation rate in the U.S. fell to 3.3% in May, below economist projections.
- Equities Trading UP: Several stocks surged, including Golden Heaven Group Holdings, Beamr Imaging Ltd., and WANG & LEE GROUP, Inc.
- Equities Trading DOWN: Stocks like Tonix Pharmaceuticals Holding Corp., ThermoGenesis Holdings, Inc., and TRACON Pharmaceuticals, Inc. experienced declines.
- Commodities and Global Markets: Oil prices rose, European shares were lower, and Asian markets closed mixed on Wednesday.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
