US closes higher as inflation hits 39-year high

Wednesday, 12. January 2022 22:00

Markets on Wall Street closed - on Wednesday as investors digested the latest consumer price index report which showed United States annual inflation rose to 7%, hitting the highest levels since mid-1982.

The Dow Jones added 0.11%. Salesforce and Nike led the gains as both companies increased 1.27%.

The Nasdaq 100 climbed 0.38%. The best performer was Applied Materials, whose shares rallied 4.66%.

The S&P 500 gained 0.28% with Coterra Energy surging 5.95%.

The euro climbed 0.74% against the dollar to sell for 1.14503 at 3:59 pm ET.

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Author:
Baha Breaking News (BBN) / NP