Wall Street closes mostly higher amid inflation worries

Montag, 06. Juni 2022 22:03

Major stock markets in the United Stated traded mostly higher at the close on Monday, as investors seemingly continued to show worries over inflation data. United States President Joe Biden announced he will be authorizing the Defense Production Act (DPA) to accelerate the domestic production of clean energy technologies, and according to the poll conducted by the Wall Street Journal, Americans are still very worried about the state of the US economy.

The Dow Jones Industrial Average was flat at the closing bell as The Travelers Companies Inc. gains 1.60%, while Nasdaq 100 gained 0.41% with JD.com Inc. pulling the index up by 6.53%. The S&P increased by 0.31%, pulled up by Enphase Energy's 5.41% rise.

The euro was 0.21% lower against the dollar, selling at $1.06953 3:59 pm ET.

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Baha Breaking News (BBN) / TB