Inflation Not Worsening: Wall Street Reaches Record High After Latest Reading – What’s Next?
New York (AP) – Wall Street closed the month of May on a positive note as stocks surged on Friday following a report suggesting that inflation is not currently accelerating. The S&P 500 witnessed a 0.8% increase, marking its sixth winning month out of the last seven. After recovering from a challenging April, the main indicator of the U.S. stock market hit an all-time high towards the end of the month. The Dow Jones Industrial …