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Wall Street starts the week with a rise pending US inflation data After the CEO

Wall Street starts the week higher as US inflation data is awaited

loose Wall Street indices rise in morning trade, started the week on a positive note as investors shifted their focus to a report on inflation key this week.

At 8:35 am (Mexico City time), at S&P 500 rose 0.63% to 4,171.46 units; The up 0.60% to 33,000.84 units; While he it rises by 0.83% to 12,762.66 units.

In Mexico, the price and price index (IPC) on the Mexican Stock Exchange (BMV) starts the week with positive numbers and rises by 0.31% to 46,870.10 points.

While in bond marketThe 10-year government bond yield fell by four basis points to 2.79%.

You can read: Larrea and Slim pay less taxes in 2Q22 due to lower profits

Wall Street pays attention to inflation data
The data from inflation This week’s US data could inject more volatility into the market.

While price pressures may be peaking, it is unclear whether they will continue levels stubbornly high.

On the other hand, strong jobs data on Friday added to the need for further monetary tightening from the Central Bank of Iceland (Fed).

stocks to rise
Some related functions clean energy they won after the Senate passed a $430 billion climate change bill, inflation-reducing legislation, which is expected to pass the House this week.

ETF on Invesco Sol rose by 1.7%; First Solar (NASDAQ: ) and SunRun were among the gains. Electric car makers also got a boost, with Tesla (NASDAQ:Rivian Automotive and Lucid attractive.

Bed Bath & Beyond led meme functions and other individual investor favorites, as the home goods retailer won its ninth consecutive session.

Second of all, topped $24,000, leading a rally in crypto tokens as investors flocked to digital assets following strong US jobs data.

In the ingredients is oil price decreased due to concerns about the potential impact of the economic downturn on demand.

Read more: Water on Wall Street overflows 147% and exceeds $1,200

With information from Bloomberg and CNBC

The Wall Street publication starts the week with gains as US inflation data appeared first on THE CEO.

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