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U.S. business inventories rise 0.4% in June

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Investing.com -

Investing.com - U.S. business inventories rose in line with expectations in June, official data showed on Wednesday.

In a report, the U.S. Census Bureau said that wholesale inventories increased by a seasonally adjusted 0.4% in June, meeting forecasts. Business inventories rose by 0.5% in May.

Following the release of the data, the U.S. dollar was lower against the euro, with EUR/USD rising 0.13% to trade at 1.3387.

Meanwhile, U.S. stock markets were modestly higher. The Dow tacked on 0.2%, the S&P 500 inched up 0.3%, while the NASDAQ Composite added 0.5%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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