The S&P 500 index gained 0.84% on Thursday as it broke above the recent local high. The market was advancing after the important Wednesday’s CPI and Thursday’s PPI releases. Recently the index traded along the 4,450 level and yesterday it broke slightly above the 4,500 mark. There’s still a lot of uncertainty about monetary policy, economic growth and stock prices continue to move sideways after their advances from March to July.
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