The Dow Jones index only managed a modest gain of 0.1 percent to 34,466 points. Other major indices, however, rose more strongly. The market-wide S&P 500, for example, rose 0.5 percent to 4,239 points and even soared to a record high. The technology-heavy Nasdaq 100 was up one percent more at 13,960 points.
In the USA, inflation again picked up surprisingly strongly in May. Compared to the same month last year, the cost of living rose by 5.0 percent. The highest rate since August 2008. “The surge in demand triggered by the easing of Corona-related restrictions is obviously leading to bottlenecks and price increases in parts of the economy,” Commerzbank experts wrote. Under these circumstances, the US Federal Reserve will increasingly discuss an exit from its bond purchases. These have been a key driver of stock market rallies in recent years.
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