FinancialVu

Market News and Views

You are here: Home / Top Stories / Market Snapshot: S&P 500 finishes above 4,500 level for first time in 15 months as U.S. stocks advance for 4th day on upbeat inflation data

Market Snapshot: S&P 500 finishes above 4,500 level for first time in 15 months as U.S. stocks advance for 4th day on upbeat inflation data

by

U.S. stock indexes ended higher and recorded their fourth straight day of gains on Thursday, with the S&P 500 clearing the 4,500 mark for the first time since April 2022, led by technology stocks, after data showed June producer-price inflation fell further, bolstering the chances that the Federal Reserve is near the end of its campaign of interest-rate hikes.