All three major US indices rose Thursday, with tech stocks lifting the Nasdaq Composite index to a record high, as markets shook off an escalating trade war and eyed earnings season. The dollar and Treasury yields climbed higher.
Here is the scoreboard:
Dow Jones industrial average: 24,925.63 +225.18 (+0.91%)
S&P 500: 2,795.22 +21.20 (+0.76%)
Nasdaq Composite Index: 7,823.92 +107.30 (+1.39%)
Consumer prices in the US rose last month at the fastest pace in six years. Inflation jumped 2.9% from a year ago in June, the Labor Department said, partly bolstered by rising gasoline costs.
Trump arrived in Britain for talks with Prime Minister Theresa May. His visit, which follows a showdown with other NATO leaders in Brussels, is part of a three-nation trip that will end with a closely-watched meeting with Russia’s Vladimir Putin. It comes amid Brexit clashes and chaos within the British government.
Crude prices slipped below $70. Markets were eyeing a comeback for output in Libya, where armed clashes near eastern ports have posed major supply disruptions in recent months.
Amazon hit an all-time high. Shares surged more than 2% to $1,796.95.
Papa John’s founder John Schnatter resigned as chairman after admitting he used the n-word on a conference call in May. The call, first reported by Forbes, included company executives and an outside marketing agency. Shares of Papa John’s jumped more than 12% Thursday to $54.35.
And a look at the upcoming economic calendar:
The University of Michigan consumer sentiment report is out.
Citigroup, JP Morgan and Wells Fargo report earnings.
SEE ALSO: GOLDMAN SACHS: Here’s where to put your money as trade tensions heat up
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Source:: Business Insider