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New York stocks close: prices defy high inflation

NEW YORK (dpa-AFX) – Investors in the US did not allow themselves to be disturbed by a surprisingly sharp rise in inflation on Thursday. Share prices rose even though pre-market consumer prices rose more sharply in May than analysts had expected. It is possible that investors on the market have recently feared even higher inflation, which has now not occurred, according to the trade.

For the leading index Dow Jones Industrial it was only enough to achieve a manageable plus of 0.06 percent to 34,466.24 points. However, other large indices rose more strongly. So the market-wide S&P 500 increased by 0.47 percent to 4,239.18 meters and even rose to a record high. For the tech-heavy Nasdaq 100 it went up 1.05 percent to 13,960.35 points.

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