Dow, S&P 500 end higher but narrowly miss closing highs as Fed's Beige Book shows inflation pressures remain

Dow, S&P 500 end higher but narrowly miss closing highs as Fed's Beige Book shows inflation pressures remain
·1 min read

The S&P 500 index and Dow industrials closed higher on Wednesday, barely missing a finish at record closing highs as investors parsed the Federal Reserve's latest Beige Book showing the U.S. economy is growing at a modest to moderate pace, but remains under pressure from inflation and labor shortages. Strong third quarter corporate earnings are helping investors overcome some doubts about the impact of the coronavirus delta variant, supply-chain disruptions and the Federal Reserve's likely move

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting