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The major US equity indices faded late in the session Friday. However, they were still higher for the week as investors cheered lower-than-expected inflation readings and a Federal Reserve decision not to raise its benchmark lending rate at its midweek meeting – though additional hikes could come later this summer. The S&P 500 Index was up 2.6% for the week, the benchmark’s strongest week since March, while the Nasdaq Composite Index and the Dow Jones Industrial Average were up 3.2% and 12%, respectively. In Europe, the Euro Stoxx 50 rose to a 4-week high on Friday, with luxury and defensive shares leading the gains. For the whole week, European shares booked a 2.1% gain.
Summary for 19.06.2023
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