The New York Stock Exchange ended with positive numbers and the three reference rates again at historical maximums this Thursdaysince consumer inflation data, which coincide with the forecasts, practically consolidated a rate cut of the rates of the Federal Reserve (Fed) Next week.
In this context, the Dow Jones index of industrialists rose 1.36% to 46,107.79 points; The S&P500 won 0.81% to 6,585.11 and Nasdaq Composite, 0.72% to 22,043.08 points were appreciated.
The IPC points to a fed type cutting
The data published on Thursday show that The US consumer price index was 2.9% in the 12 months until Augustcompared to 2.7% in July, coinciding with the expectations of economists. In monthly terms, the inflation indicator stood at 0.4%, above 0.2%of the previous month and slightly above 0.3%forecasts.
While the intermensual increase of the CPI, both general and underlying, is the largest since January, Jefferies Group said that he does not believe that “nothing has changed for the decision of the FOMC (Federal Open Market Committee) next week. “
This occurred after the August Price Index (IPP) published last Wednesday, which stood well below the forecasts, which means a new evidence of a decrease in pressures on wholesale prices.
Besides, The number of Americans who submitted new applications for unemployment benefits increased considerably last weekin line with a significant improvement of labor market conditions.
Initial applications for state unemployment benefits increased by 27,000, until reaching a seasonally adjusted figure of 263,000, during the week that ended on September 6, according to the Labor Department.
The data reinforced the arguments in favor of the Fed probably starting a cycle of rate cuts, which will surely begin with a reduction of 50 basic points at its meeting of September 17.
Slightly lower rates by the Fed should match, with the impulse to the growth generated by the One Big Beautiful Law (Fiscal reform proposal promoted by the Trump administration which seeks to revive the American economy) and uncertainty about tariffs and commercial policy would cease to be a significant obstacle to business investment. “Therefore, although we trust our expectations of feature cuts this year, we do not believe that the Fed continues with new cuts in 2026,” they concluded.
Highlights and quarterly results of Wall Street
Warner Bros. Discovery climbed 29% after communicating that Paramount Skydance Corp (+15.5%) Prepare an offer for the entertainment giant. According to The Wall Street Journal, Paramount Skydance works on an offer for the entire Warner Bros. Discovery, with most of the cash planned proposal. The potential acquisition would be supported by David Ellisonson of Larry Ellisonthe multimillionaire founder of Oracle.
Circle Internet Group It shot 17.6%, since the positive confidence in the Stablcoins promotes the interest of investors in the company. The rally occurs while the circulation of the Circle USDC Stablinc reaches approximately US $ 72,000 millionwhich represents an year -on -year increase, according to Canaccord Genuity analyst Joseph Vafi.
Tempus AI, inc. increased 113.6% after the company’s announcement on the reception of authorization 510 (k) of the US Food and Medicines Administration (FDA) For its updated platform of cardiac images Tempus Pixel.
Regulatory approval improves the capacities of the device promoted by Ia By allowing the generation of Maps T1 and T2 online for the analysis of cardiac magnetic resonance imaging. These maps provide numerical values of the characteristics of cardiac tissue and helps detect conditions such as fibrosis, inflammation or edema that could otherwise go unnoticed.
Delta Air Lines Inc It descended 1.5%, despite the fact that although the airline pointed out difficulties with the low demand for seats in economic class, it raised its income prognosis for the third quarter.
As for chips actions, Technology Micron Inc He advanced 7.5% after CITI raised its objective price for the action, given the expectation that the growing demand for data centers will help the memory chips manufacturer to obtain better results than expected.
Kroger Companythe retail giant, rose 0.2% after the American supermarket chain raised its annual basic sales prognosis, in a commitment to its products of lower price, given the growing concern about tariff pressure on consumer demand.
The next in the results calendar will be the software tools supplier Adobe Systems (+0.1%) that will publish its quarterly results on the date, after the closure of the market.
In June, Adobe, based in San José, Californiaraised its annual financial forecasts, but confidence in the company has become negative since then, and many investors warn that Adobe faces “important cyclic and secular obstacles,” according to the analysts of Vital Knowledge in a note.
Source: Ambito
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