Leading indexes on the New York stock exchange rose in Monday's afternoon trading after new statistics were presented, strengthening investors' hopes that the US central bank will lower the interest rate.
The manufacturing industry's purchasing index showed that growth in the sector was lower in June than economists had forecast, and the report also stated that the inflation rate had decreased. Overall, the figures were interpreted as good reasons for the Federal Reserve to lower the interest rate.
Among individual shares, Meta, which owns, among other things, Facebook and Instagram, was notable. The share fell clearly in the morning after the EU Commission accused the IT giant of violating the union's digital market laws. However, Meta recovered in the final trading and closed at plus 0.1 percent.
The broad S&P 500 index rose 0.3 percent, the Dow Jones industrial index increased 0.1 percent, and the technology-heavy Nasdaq composite index increased 0.8 percent.
