Market Report - New York

Stocks in United States halted a three-day losing streak yesterday as an anxiously awaited report showed that inflationary pressures…

Stocks in United States halted a three-day losing streak yesterday as an anxiously awaited report showed that inflationary pressures persisted in the labour market, but contained no major surprises.

The Dow Jones industrial average finished 78.47 points higher at 9,055.15 after pulling back from a gain of nearly 120.

The barometer of 30 major companies had lost about 215 points in the past three days after closing at a record 9,192.66 on Monday.

Broader stock indexes also began shrugging off the renewed concerns about interest rates and the continuing economic instability in Asia.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective