Stock market reacts to latest inflation news

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FILE – A street sign is seen in front of the New York Stock Exchange June 14, 2022. The U.S. stock market experienced a “record-setting rally” on Wednesday. The Associated Press reported the S&P closed 1.2% higher and the Nasdaq composite closed 1.4% higher. (Seth Wenig, Associated Press)

(Seth Wenig, Associated Press)

SALT LAKE CITY — The U.S. stock market experienced a “record-setting rally” on Wednesday. The Associated Press reported the S&P closed 1.2% higher and the Nasdaq composite closed 1.4% higher.

Investors are reportedly energized by the latest report from the U.S. Department of Labor that shows inflation is cooling somewhat across the U.S.

We asked DMBA Certified Financial Planner Gerika Espinoza what these numbers may mean for Utahns. The podcast is below.

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