6/10, 10:03 PM (Source: TeleTrader)
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Wall Street closes higher despite high inflation

United States equity markets closed the trading session on Thursday with gains as investors were hopeful in regards to the economic recovery following new data reports. The Consumer Price Index (CPI) soared to a near-13-year high of 5% year-on-year, higher than estimates and last month's figures. Jobless claims also fell below expectations to 376,000. US household net worth also rose by 3.8% compared to the previous year to a total of $136.9 trillion, allegedly boosted by stock markets' surge.

The Dow closed flat with 0.06% in the green as Walgreens rose by 3.52%, while S&P 500 grew by 0.47% with ServiceNow increasing by 5.25%. The Nasdaq 100 gained 1.05% led by Align Technology jumping 4.55%.

The euro lost 0.08% against the dollar to exchange hands for $1.21701 at 3:58 pm ET.

Breaking the News / LH