US stocks end varied week
The U.S. stocks ended the week with mixed performance, as the Standard & Poor's 500 index declined by 19.81 points (0.27%) to close at 7,337.68 points. The Nasdaq fell by 0.48% to 25,236.88 points, while the Dow Jones decreased by 0.23% to 51,794.84 points. The declines were mainly concentrated in semiconductor stocks related to artificial intelligence, whereas other stocks such as Moderna saw strong gains, with its share price reaching its highest level since 2024 after showcasing its production line. This came amid a rise in the US inflation rate to over 4% in May, amid ongoing inflation pressures. Analysts spoke of potential risks in the tech sector due to capital expenditure and lack of profits, amidst persistent tensions regarding interest rates and inflation in the U.S. market.
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