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Stock Market Today: Stocks Climb More Walls of Worry


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Published in Stocks and Investing on by Kiplinger   Print publication without navigation

Volatility is back in a normal range, and the trend for the main equity indexes remains positive despite specific and general headwinds.

The stock market experienced gains on Monday, with the Dow Jones Industrial Average rising by 113 points, or 0.3%, the S&P 500 increasing by 0.6%, and the Nasdaq Composite advancing by 0.8%. These gains occurred despite ongoing concerns about inflation and potential Federal Reserve interest rate hikes. Investors were encouraged by a report from the Institute for Supply Management indicating that the U.S. services sector grew at a slower pace in May, suggesting a possible cooling of inflation. Additionally, market sentiment was buoyed by the resolution of the U.S. debt ceiling issue, although worries about future rate hikes and their impact on economic growth persisted.

Read the Full Kiplinger Article at:
[ https://www.msn.com/en-us/money/markets/stock-market-today-stocks-climb-more-walls-of-worry/ar-AA1ERHKp ]

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