The S&P and the Nasdaq hit new highs after the good inflation data


The Dow Jones gains 0.62% and is trading above 39,801 points, the S&P gains 0.9% and marks a new all-time high and the technological Nasdaq rises 1.06%.

US investors have been the first to celebrate the latest CPI data for the month of April. Ten minutes after the trading floor opened, the selective S&P 500 advanced 0.58%, to 5,277 units, and the Nasdaq index rose 0.60%, to 16,610 points.

The inflation rate in the United States fell one tenth in April, to 3.4%, after two months of consecutive increases, a figure that gives some respite to the US Federal Reserve and its plans to lower interest rates at some point in this year.

The United States Bureau of Labor Statistics (BLS) reported that consumer prices increased three tenths compared to March, one tenth less than the monthly increase registered in March compared to February.

Core inflation fell two tenths year-on-year, to 3.6%, and rose three tenths in monthly terms.


Analysts see a 51.7% chance that the Fed will lower interest rates in September, a percentage slightly higher than yesterday’s 44.9%, when these figures were not yet known, according to the CME Group’s FedWatch tool.

This year, the stock market on the other side of the Atlantic has moved between operators’ expectations for rate cuts and the boom in artificial , two factors that have skyrocketed stocks.

The yield on the benchmark 10-year Treasury bond fell to 4.369%.

By sector, the real estate sector (1.59%) and the public services sector (1.28%) predominated in profits, while others opened with losses, such as the energy sector (-0.61%) and the non-essential goods (-0.08%).

Among the 30 Dow Jones stocks, Home Depot and Salesforce stand out among the most bullish, while Walt Disney and Boeing are at the bottom of the index.



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