Banks and industrial companies helped lift stocks on Wall Street mostly higher Wednesday, pushing the Standard & Poor's 500 and Dow Jones industrial average past the record highs they set a day earlier.
Banks and industrial companies helped lift stocks on Wall Street mostly higher Wednesday, pushing the Standard & Poor’s 500 and Dow Jones industrial average past the record highs they set a day earlier.
“Our estimate was that June was going to be the peak month in inflation, and it appears that it was,” Stovall said.Flush with pandemic savings and eager to embrace all things wellness, wealthy consumers are seeking out huge crystals to decorate their homes and backyards. Smaller-company stocks rose. The Russell 2000 index picked up 10.98 points, or 0.5%, to end at 2,250.34.
The Federal Reserve has repeatedly said it believes any increase in inflation will be temporary and largely a result of the supply disruptions that happened because of the pandemic. Investors will get another inflation snapshot Thursday, when the Labor Department issues its July wholesale price data.
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