Friday, June 18, 2021

3 major US stocks fall marginally ahead of key inflation data this week

The three major US stocks fell marginally yesterday ahead of key inflation data this week. A recent rally on Wall Street driven by strong earnings in May and growing expectations of economic recovery, appeared to have paused this week as investors awaited more cues on U.S. monetary policy.

The tech-laded Nasdaq Composite index slipped 0.1 per cent, the S&P 500 closed 0.2 per cent down and the Dow Jones Industrial Average declined 0.4 per cent.

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