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GLOBAL MARKETS-Wall St jumps, dollar dips as cooler inflation data closes book on strong quarter

July 1, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Wall Street rallied and the dollar softened on Friday as investors neared the end of a solid quarter with data showing progress in the Federal Reserve's efforts to tame inflation. All three major U.S. stock indexes rose sharply, and were on track to post weekly, monthly and quarterly gains. "It's a nice cherry on top to the end of a great quarter and an even better start to 2023," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "This was one of the best starts to the year ever for Nasdaq and large cap technology names, but let's...
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