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Dow Jumps 200 Points; US Inflation Rate Slows In April

Benzinga ·  May 15 21:50

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Wednesday.

Following the market opening, the Dow traded up 0.54% to 39,772.77 while the NASDAQ rose 0.57% to 5,276.57. The S&P 500 also rose, gaining, 0.59% to 16,608.83 . .

Leading and Lagging Sectors

Real estate shares rose by 1.8% on Wednesday.

In trading on Wednesday, energy shares fell by 0.5%.

Top Headline

U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%. Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago.

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