The main indices on Wall Street operated with high volatility during this day but finally fell sharply. Thus, the S&P 500 lost 65.51 points, or 1.6%, to 3,935.54 units, while the Nasdaq lost 370.94 points, or 3.2%, to 11,366.73. The Industry Average dow jones it fell 325.42 points, or 1%, to 31,835.32 units.
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%, Vista Oil & Gas with 3.3%, and the mining company Vale with 3.1%.
This happened in tune with the rise in the barrel of oil after falling almost 10% in the last two sessions. which was fueled by supply concerns as the European Union works to win support for an embargo on Russian oil.
The barrel of the WTI variety increased 5.4% and closed at US$105.20, while the Brent type rose 4.5% and settled at US$107.20, according to figures provided by the New York Mercantile Exchange ( NYMEX).
Source: Ambito
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