The U.S. stock market continues to climb on Thursday mornings, and for the first time in the 500 index plate, it stands at 7,800 points and updates historical heights. In July, price data for United States producers were weaker than in the foreground, adding to the fall in oil prices, driving up market risk preferences, and the technology and semiconductor units continued to rise.
Pedestrian 7800 points
As of Thursday, United States time, about 10:30 a.m., the Standard 500 Index reported about 7802 points, an increase of about 0.7 per cent; the Dow Jones Industrial Index reported about 54019 points, an increase of about 0.45 per cent. The NASDAQ composite index showed a stronger performance, indicating that the capital continued to flow back to large technology units.
In the technology sector, Microsoft rose by about 1.4 per cent, In Weida by 0.6 per cent and Apple by about 0.5 per cent. Led by weight shares, the standard 500 information technology block rose by about 1 per cent and the Philadelphia semiconductor index by about 2.5 per cent. AI Infrastructure investment is expected to continue to support chip unit performance.
July PPI below previous value
In the United States, the PPI ring ratio was even in July, slowing from 5.5 to 4.7 per cent in June. Following the release of the data, the market maintained the expected rise in interest rates for the Federal Reserve in September. The current interest rates for federal funds range from 3.50 per cent to 3.75 per cent.
As a result of inflation data, the rate of return on United States Treasury debt fell. At the same time, international oil prices fell by about 2 per cent on Thursday, easing some of the inflationary pressures. Despite concerns about the geo-risk associated with the Strait of Hormuz, short oil prices have improved market sentiment.
It's near the top of the front.
The increase is weaker than the scale of the scale and the scale, but still near historical heights. The focus of market observation has turned to its ability to break through the recent consolidation and retest the August height.
On the other hand, Cisco fell by about 7.4 per cent and Tapestry by about 15 per cent. On the other hand, driven by the growth in the performance of the Consortium, Dell and the Hewlett-Packard stock price went up, and the computer hardware plate mood improved.