Times of Pakistan

US stocks rise as inflation fears ease

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Umer Jamshaid Published June 16, 2026 | 04:45 AM

US stocks rise as inflation fears ease

NEW YORK, (UrduPoint / Pakistan Point News / WAM - 16th Jun, 2026) Major US stock indexes rose on Wall Street on Monday, with the Dow Jones Industrial Average hitting a record high, after inflation fears eased as crude oil prices fell.

Dow Jones Industrial Average rose by 490.

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38 points (or 0.96%) to close at a record high of 51,684.88. S&P 500 gained 123.80 points (or 1.67%) to end at 7,555.26. Nasdaq Composite jumped 797.79 points (or 3.07%) to 26,683.64, marking its strongest one-day percentage gain since March 31.Tech Sector:

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