The four major U.S. stock indexes rose today.

(Reuters)

[Instant News/Comprehensive Report] The U.S. stock market ushered in positive news on Friday local time, the last trading day of the season.

The Federal Reserve revealed that the inflation situation was better than expected, and the four major US stock indexes all closed with gains.

According to comprehensive foreign media reports, the Federal Reserve pointed out that, according to inflation statistics, the price increase is not as drastic as expected.

The core personal consumption expenditures price index, which excludes energy and food, rose 0.3 percent in February, missing economists' forecast of a 0.4 percent increase.

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The S&P 500 and Nasdaq rose 7.03% and 16.77% respectively in the first quarter. For Nasdaq, which is dominated by the technology industry, it is the best quarterly performance since 2020.

In terms of individual stock performance, the electric car manufacturer Tesla rose 6.24%, and it was reported that CEO Elon Musk (Elon Musk) is planning to visit China as soon as April, and will seek to meet with Chinese Premier Li Qiang at that time; The company "Virgin Orbit" (Virgin Orbit) announced that it would suspend operations indefinitely and lay off 85% of its staff due to private equity investment. The stock price fell 41.19%; TSMC's ADR rose 0.59%

The Dow Jones Industrial Average rose 415.12 points, or 1.26%, to close at 33,274.15.

The Nasdaq rose 208.44 points, or 1.74%, to close at 12,221.91.

The S&P 500 gained 58.48 points, or 1.44%, to close at 4109.31.

The Philadelphia Semiconductor index rose 22.60 points, or 0.70%, to close at 3230.86

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