About: http://data.cimple.eu/news-article/1320a5f673dba770e72c417ac998d0ed10dfffa728c6e4a6f93a8706

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About: http://data.cimple.eu/news-article/1320a5f673dba770e72c417ac998d0ed10dfffa728c6e4a6f93a8706 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished modestly higher Friday, shrugging off data showing increased inflation following solid earnings from Salesforce and others. A key US inflation index climbed 3.6 percent in April compared to the same month in 2020, according to government data, the largest jump since September 2008. The rise comes as economists debate whether government stimulus and loose Federal Reserve policy will cause the world's largest economy to overheat. The Fed has pledged to maintain low lending rates and its massive bond-buying program until inflation is holding steady above 2 percent and employment fully recovers. "It really does come down to when the market thinks the Fed is going to taper" asset purchases, said Peter Hanks, strategist at IG, a trading company. The Dow Jones Industrial Average ended with a 0.2 percent gain at 34,529.45. The broad-based S&P 500 added 0.1 percent to finish at 4,204.11, while the tech-rich Nasdaq Composite Index edged up 0.1 percent to 13,748.74. All three major indices finished with gains for the week. Markets will be closed Monday for the Memorial Day holiday. Among individual companies, Dow member Salesforce jumped 5.5 percent after the cloud computing company reported higher earnings on a 23 percent rise in revenues to $6 billion. Chief Executive Marc Benioff pointed to "incredible momentum throughout our core business." Boeing fell 1.5 percent as it again halted deliveries of its 787 Dreamliner planes as it works to address questions from regulators. The questions concern the inspection method for new planes following production problems that led to an earlier pause in deliveries. jmb/hs
schema:headline	US stocks end higher ahead of holiday weekend
schema:mentions	S&P 500 Index Cloud computing Inspector general Dow Jones Industrial Average Memorial Day Federal Reserve Inflation Marc Benioff Salesforce.com NASDAQ Composite Momentum
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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