Stock Market Wraps Q2: Steady Growth Despite Inflation | National News

As the second quarter and the first half of the year wrap up, the stock market has shown resilience. The NASDAQ and S&P 500 have seen modest gains, while the Dow Jones has slightly lagged behind. Despite a recent stall, the overall year has started off strong. Investors are pleased with the latest inflation data, particularly the personal consumption expenditures index for May, which is in line with expectations. Core inflation has increased slightly by 0.1% since April, but has risen by 2.6% compared to last year, the lowest rate since March. Personal income figures have also gone up, supporting consumer spending which has seen a slight increase. These positive indicators are giving investors a cautiously optimistic outlook on market stability and growth, despite global economic uncertainties.

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