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NEW YORK (dpa-AFX) – The US stock exchanges developed inconsistently on Monday after a friendly start. Investors continue to weigh between the prospects for an improving economy and the risks of rising inflation. Subdued current economic data meanwhile raised no fears of an imminent tightening of the American economy Monetary policy.
Ultimately, the Dow Jones Industrial (Dow Jones 30 Industrial) rose 0.70 percent to 34 113.23 points. The US leading index is only around 0.4 percent or a little over 140 points short of its record of 34,256 points. The previous week the Dow closed with a loss of half a percent, but posted a plus of around 2.7 percent in April.
The market-wide S&P 500 advanced on Monday by 0.27 percent to 4192.66 points. In contrast, the technology-heavy NASDAQ 100 slipped into the red and ended up trading 0.44 percent lower at 13,799.72 Zhlern./gl/he
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