US stocks closed in the green on Thursday – though off session highs – having been bolstered by positive consumer inflation indicators which raised hopes that the Federal Reserve could take a pause from tightening monetary policy at its next meeting.
Wall Street put in a subdued performance on Wednesday, with major indices trending downwards as attention shifted towards forthcoming key economic data on US inflation, set to be released later in the week.
Wall Street’s main stock indexes closed in a mixed state on Wednesday, with the Dow extending its record-breaking streak to 13 consecutive winning sessions as the Federal Reserve took interest rates to their highest levels in more than 20 years.