About: http://data.cimple.eu/news-article/8a949e3e84daac0475568d9dba520f8ddd49d713f91a3611229d342d

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/8a949e3e84daac0475568d9dba520f8ddd49d713f91a3611229d342d Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	US stocks made gains in early trading Friday, as data that showed a rise in US prices last month failed to dampen traders' sentiment. Before markets opened, the Commerce Department reported its personal consumption expenditures (PCE) price index spiked 3.9 percent if compared to the same month in 2020, driven by rising prices for energy and services again in demand as Covid-19 cases fall. However Patrick J. O'Hare of Briefing.com said traders appear to believe the May data "is at, or close to, peak inflation, meaning market participants are anticipating better inflation news in coming months." PCE prices are closely watched because it's the Federal Reserve's preferred gauge for inflation, and if they rise too high, the central bank may decide to lift rates from the zero level stocks have rallied on for more than a year. About 20 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent at 34,350.99, and the broad-based S&P 500 gained 0.2 percent to 4,275.40. The tech-rich Nasdaq Composite Index climbed 0.3 percent to 16,610.37. Both the S&P 500 and Nasdaq added to record closes on Thursday. Markets were also driven by anticipation of another injection of federal spending into the US economy, after President Joe Biden on Thursday said a deal had been reached with a bipartisan group of lawmakers to spend nearly $1 trillion on infrastructure. Nike was up 14.5 percent after reporting record quarterly revenue earnings in North America and a big jump in European sales. Banks traded higher after the Fed said 23 large US financial institutions had passed their yearly stress tests. Wells Fargo was up two percent, Bank of America gained 1.4 percent and JPMorgan Chase ascended 0.7 percent. cs/st
schema:headline	Wall Street shrugs off inflation, opens higher
schema:mentions	O'Hare International Airport S&P 500 Index JPMorgan Chase Wells Fargo World energy consumption Dow Jones Industrial Average North America Psychological stress Federal Reserve Inflation Joe Biden President of the United States Coronavirus disease 2019 Personal consumption expenditures price index United States Department of Commerce Danica Patrick NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	60 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software