About: http://data.cimple.eu/news-article/4795d124e27fa1962a82a88d2c9b74b01c1cd405a98a397ffe3fa82b

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About: http://data.cimple.eu/news-article/4795d124e27fa1962a82a88d2c9b74b01c1cd405a98a397ffe3fa82b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street opened higher on Wednesday, continuing a rally that began earlier in the week as traders bet that inflation was less of a threat than once feared. Investors have been divided for months over whether the US economy's reopening would cause persistent price increases, and a combination of new data and a shift in Federal Reserve sentiment appears to have convinced them inflation will be temporary. About 15 minutes into trading, the broad-based S&P 500 was up 0.1 percent at 4,249.90. The tech-rich Nasdaq Composite Index added 0.3 percent to 14,290.21, building on Tuesday's record close. The benchmark Dow Jones Industrial Average was flat at 33,942.77. "It is back to status quo for the stock market," said Patrick J. O'Hare of Briefing.com, who added traders were reassured after Fed Chair Jerome Powell reiterated Tuesday that higher inflation is a short-term issue. Stocks have rocketed higher during the Covid-19 pandemic after the Fed pledged it would keep its lending rate lower for longer to achieve maximum employment after the mass layoffs caused by measures to stop the virus. cs/jm
schema:headline	US indices rise at open as rally continues
schema:mentions	O'Hare International Airport S&P 500 Index Quo (Status Quo album) Protest Dow Jones Industrial Average Stock market Federal Reserve Inflation Pandemic Virus Coronavirus disease 2019 Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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