The main indices on Wall Street operated with high volatility during this day but at the moment they are falling sharply. Thus the Nasdaq falls 2.7%, the S&P 500 falls 1%, and the Dow Jones loses 0.5%.
This Wednesday it was learned that inflation eased slightly in the United States in April, a figure that nurtures hope that the worst is over, although it is hardly a relief in a context of strong price increases that affect both the purchasing power of Americans like the popularity of Joe Biden.
In 12 months to April, Inflation stood at 8.3%, and although the figure is lower than that accumulated in a year to March, it is also higher than expectedaccording to the consumer price index (CPI) released Wednesday by the Labor Department.
The price rise is near the 40-year high it saw last month. Food prices recorded their largest increase in 12 months since the 1981 record (+9.4%).
Meanwhile, the papers that managed to be an exception this day correspond to the energy sector. This is how Petrobras rose with 5.4%, Vista Oil & Gas with 4.4%, and the mining company Vale with 4.3%.
This happens in tune with the rise in the barrel of oil after falling almost 10% in the last two sessions, fueled by supply concerns as the European Union works to win backing for a Russian oil embargo.
Source: Ambito
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