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Dow Surges Over 300 Points; US Inflation Rate Slows In May

Benzinga ·  Jun 12 21:47

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 300 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.84% to 39,072.22 while the NASDAQ rose 0.87% to 17,494.72. The S&P 500 also rose, gaining, 0.84% to 5,420.33.

Leading and Lagging Sectors

Real estate shares jumped by 2.1% on Wednesday.

In trading on Wednesday, consumer staples shares rose by just 0.1%.

Top Headline

The annual CPI inflation rate fell from 3.4% to 3.3% in May, below than the median economist projection of 3.4%. According to Econoday, the economist consensus ranged from 3.3% to 3.5%.

Equities Trading UP

  • Golden Heaven Group Holdings Ltd. (NASDAQ:GDHG) shares...
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