Wall Street closed this Tuesday in mixed territory and the Dow Jones de Industriales, its main indicator, fell a 0.46% after learning that inflation in the United States fell less than expected during January.
At the close of business in the NYSEhe Dow Jones left 156.66 pointsuntil 34 thousand 089.27 unitswhile the selective S&P 500 ended almost flat, with a retracement of 0.03% o 1.16 integersuntil four thousand 136.13 points.
The Nasdaq market composite index, for its part, rose a 0.57% or 68.36 unitsuntil closing in 11 thousand 960.15 integers.
The Nasdaq benefited from a relatively good day for tech companies, with several companies in the sector rising sharply.
Among them were Palantir, which reported better-than-expected quarterly results and soared 21%and the manufacturer of microprocessors Nvidia, which progressed more than a 5% after a report from Bank of America that pointed it out as a possible winner of the race for the development of artificial intelligence.
In general, however, it was the inflation data released this Tuesday that set the pace for the session in the New York parquet, which fears that the persistence of high prices will lead the Federal Reserve (Fed) to prolong its aggressive policy of rise in interest rates.
According to figures from the Bureau of Labor Statistics (BLS), the year-on-year rate of inflation in the United States continued to decline in January for the seventh consecutive month, standing at 6.4%one tenth below that of December.
However, in monthly terms, consumer prices rose half a point, above analysts’ forecasts.
After opening with widespread falls, Wall Street It soared as the day went by and after listening to comments from various members of the Fed.
“In my opinion, we are not finished yet, but we are probably close,” said the president of the Fed de Filadelfia, Patrick Harkerin a speech at LaSalle University.
According to Harker, what is expected is that inflation will drop considerably in the coming months and this makes it likely that rate hikes will be abandoned at some point this year.
Meanwhile, the president of the New York Fed, John Williamshe was confident in the progress that is being made against inflation, although he made it clear that much remains to be done to reach the target rate of 2% that the central bank wants.
According to analysts, markets generally remain confident that interest rates will fall sometime this year despite today’s inflation data.
By sectors, the biggest increases were for non-essential goods companies (1.18%)the technological (0.44%) and those of raw materials (0.22%)while the decreases were led by real estate (-1.04%)those of essential goods (-0.93%) and the sanitary (0.60%).
Among the 30 Dow Jones values, the rises of Boeing (1.29%), which today announced a huge contract to supply aircraft to Air India; of Nike (0.83%) and of Chevron (0.75%).
On the other hand, the biggest losses were for Travelers (-1.79%), Coca-Cola (-1.68%) and Home Depot (-1.58%).
In other markets, Texas oil closed at $79.06and at the end of the trading session gold rose to thousand 865.8 dollars an ouncethe US 10-year bond yield rose to 3.755% and the dollar was losing ground against the euro, with a change of 1.074.
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