The prices of producers in the United States increased more than expected in September, amid a strong rise in the costs of services and commodities, which is likely that inflation will remain dramatically for some time in the world’s largest economy.
On Wednesday, the US Department of Labor provided an explanation for the 0.4% increase in the producers’ price index for final demand.
The American indicators have declined for 5 sessions in a row due to various factors, most notably the concern of investors about the impact of increased interest rates, and their withdrawal from technology shares and chips companies after the United States announced the imposition of restrictions aimed at obstructing the semiconductor industry in China.
Stock market changes As of 16:07 GMT, the Dow Jones Industrial Index has risen by 156.41 points, or 0.53 percent, to 29406.06 points.
To reach 3603. 99 points, the Standard & Poor’s 500 index increased by 15.4 points, or 0.44 percent.
The Nasdaq collection rose to 10469. 3 points, up 50. 59 points, or 0. 48 percent.
European stocks fell on Wednesday, after a group of varying business results shed light on the effect of tightening monetary policies and high inflation on corporate profits.
The results of the weak businesses of the company “BArat Devilopsntes”, the largest house construction company in Britain, led to a wave of sale of shares in the real estate sector.
To reach a level of 385. 88 points, the Stoxx 600 index dropped 2. 07 points, or 0. 53 percent.
After five retreat sessions, American indicators are in the green.
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