Dow rebounds 509.19 points as U.S. stocks end five-session slide

  • Dow Jones Industrial Average rebounded after five declines, gaining 509.19 points.
  • August CPI matched market expectations, supporting expectations of a Federal Reserve rate hike.
  • Nasdaq, S&P 500 and Philadelphia Semiconductor Index all closed higher on the 11th.

U.S. stocks rebounded on the 11th after five consecutive declines, led by the Dow Jones Industrial Average's 509.19-point gain to 52,573.29. August CPI matched market expectations, reinforcing expectations that the Federal Reserve will raise rates at next week's FOMC (Federal Open Market Committee) meeting. Falling crude oil prices also supported equities, while some investors said the expected hike had already been reflected in the preceding correction. The Nasdaq Composite rose 251.32 points to 26,333.04, the S&P 500 added 65.28 points to 7,656.98, and the Philadelphia Semiconductor Index climbed 209.833 points to 11,824.00. Boeing and Amazon.com advanced, while UnitedHealth Group faced selling pressure.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.