Global stocks achieved strong gains during the first half of this year, amid signs of calming inflation rates in America. The annual inflation rate in America slowed during the month of May to 4% from 4.9% in April, which is the lowest pace of annual increase since March 2021. The “Wall Street” stock exchange led the gains of global markets in the first half, with the “Nasdaq” index rising, about 3321 points, By 31.7%, to 13,787.92 points, compared to its level at the end of last year, which amounted to 10,466.48 points. The “Standard & Poor’s” index increased by 15.9%, or the equivalent of 611 points, to reach 4450.38 points, compared to 3839.5 points at its previous level at the end of last year, while the “Dow Jones Industrial Average” rose by 3.8%, gaining 1260.4 points, to reach the level of 34407.6 points, compared to its level. The previous one is at 33,147.25 points.
2023-07-01 22:00:03
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