US equities increased somewhat on Thursday after an inflation data that met expectations. The S&P 500 was up 25.07 points, or 0.49 percent, at 5,094.83, the Nasdaq Composite was up 126.87 points, or 0.80 percent, at 16,074.61, and the Dow Jones Industrial Average was up 120.40 points, or 0.31 percent, at 39,069.42 at 09:33 a.m. ET.
The Nasdaq Composite increased by 111.60 points, or 0.70 percent, to 16,059.34, while the S&P 500 began up by 15.60 points, or 0.31 percent, at 5,085.36.
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The stock of Best Buy increased 6.4% on the release of higher-than-expected profits. Paramount Global, a media giant, had a 7.2% increase after reporting a profit on streaming gains.
As bitcoin’s price increased, cryptocurrency companies like Coinbase Global and MicroStrategy saw increases of more than 5% each. WW International fell 18.7% on the announcement by the weight-loss services company that Oprah Winfrey will be leaving the board.
Late on Wednesday, the yield on the 10-year Treasury decreased slightly, from 4.27 percent to 4.25 percent. The yield on a two-year loan fell from 4.65% to 4.64%.Thursday’s stock markets in Europe were mixed.
The DAX in Germany increased by 0.6% to 17,697.36. At 4,884.09, the Euro Stoxx 50 was flat.
According to data, inflation in France and Spain decreased much further in February. On Friday, the eurozone’s inflation data is expected.
Hong Kong’s Hang Seng Index fell 0.24 percent to 16,511.44 on Asian stock markets. The Shanghai Composite of China increased 1.9% to 3,015.17.
The Nikkei 225 of Japan fell 0.1% to 39,166.19. Thursday saw no movement in oil prices as US inflation data for January bolstered expectations of a June rate reduction.
The more active May contract was up 2 cents at $82.17, while the April contract expires on Thursday. Crude futures for US West Texas Intermediate increased by 25 cents to $78.79.
