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Stock Markets Up after Recent Inflation Worries

The stock market indices closed mostly up on Thursday as trading sessions closed off, even though the week was marked by sluggish trading and inflation fears.

Chinese stock markets have had the best week so far

The US CPI report on Wednesday set the tone for the week with high inflation numbers that have scared many traders off from playing the market. With inflation worsening, the stock market is struggling to keep investors.

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A few bright spots stood out on Thursday, though, helping lift the market and lead to a mostly positive close of trading for the day.

Rent the Runway (RENT.O) saw its shares jump more than 220% after it posted a positive forecast for 2024 and announced the company was betting on AI to help lead its sales strategy.

Biotechnology company Rallybio Holdings (RLYB) jumped by 78% after they announced they would partner with Johnson and Johnson to care for pregnant customers.

Paramount Global (PARA) saw its stock climb 7.23% over on the S%P 500 index. They announced plans to expand their Sonic the Hedgehog franchise of movies and gave a few other key movie announcements during the ongoing CinemaCon.

Apple (AAPL) gained 4.33% on Thursday after a mostly down month of trading. The company looks to be turning its stock around despite high inflation and a slow stock market.

Stock Market Outlook for Friday

The market seems to be recovering from news of hot inflation and could trade vigorously today. As the markets prepare to open just after publication time of this article, we expect to see a lot of trading from some of the major players on the market. Investors have started to acclimatize to the higher than expected inflation and are now ready to start trading again confidently.

The Dow Jones closed down just 0.1%, and both the other major indices were up. The S%P 500 closed with an increase of 0.74%, and the Nasdaq Composite managed to climb 1.68%.

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Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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