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New York stocks: 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 in early trading, although pre-market consumer prices rose more sharply in May than analysts expected. It is possible that investors on the market have recently feared even higher inflation, which has now not occurred, according to the trade.

The leading index Dow Jones Industrial rose by 0.69 percent to 34,683.81 points. The S&P 500, which represents the broad market rose by 0.66 percent to 4,247.50 meters and even rose to a record high. For the technology-heavy selection index Nasdaq 100 it went up by 0.88 percent to 13,936.64 points.

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