Inflation Report Data Reveals Growth Rate Just Over 2%
Vice President Josh Jones has the market analysis for Friday, June 29. We saw several positive stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. moves today: Nike released strong earnings and sales; and several of the big banks performed well. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ Composite averages ended the quarter with gains—including the NASDAQ’s nearly 7% advance over the last three months. Meanwhile, annual inflation grew just over 2% for the first time in more than six years, indicating that the economy is continuing to get stronger.