The tech-heavy Nasdaq, and the broad-based S&P 500, on Tuesday (July 9) edged to fresh records. Analysts view this run of recent record highs as the result of a combination of solid labour market data and improved inflation trends
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The tech-heavy Nasdaq, and the broad-based S&P 500, on Tuesday (July 9) edged to fresh records. The upward move in the market came ahead of the publication of key US pricing data, as Federal Reserve Chief Jerome Powell reported “modest” progress in controlling inflation.
Nasdaq ended the day up 0.1 per cent at 18,429.29, a record high for the sixth consecutive day. S&P 500 advanced 0.1 per cent to 5,576.98, its fifth straight record high. Meanwhile the Dow Jones finished down 0.1 per cent at 39,291.97.
Analysts view this run of recent record highs as the result of a combination of solid labour market data and improved inflation trends.
Market movers
Helen of Troy, a consumer goods company that…
