US Stock Market: Inflation Increase Lower Than Expected, Nasdaq Rises Over 1% in Early Trading, Outperforming Amazon and Nvidia with a 2% Gain.
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The latest inflation indicator favored by the Federal Reserve has been released, with the US core PCE price index in August recording the smallest monthly increase since the end of 2020. As a result, US stocks opened higher on Friday (29th), with the Dow Jones Industrial Average rising 73.04 points or 0.
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