Thus, this Friday the rises of technology and crypto companies stood out above all. Coinbase led the gains with 7.7%. Tesla followed with 4.6%. Also highlighted: Nvidia (+4.2%), Google (+2.8%) and Apple (+2.2%).
this day, Wall Street’s main indices rose. In particular, the S&P 500 and the Nasdaq posted a fourth straight week of gains on mounting evidence that inflation may have peaked.
The S&P 500 has climbed 16.8% from its low in mid-Junewith the latest boost coming from a slower-than-expected rise in consumer prices and a surprise drop in producer prices in July.
“Investors are becoming more optimistic in terms of the Fed not being as aggressive as the market previously expected”said Peter Cardillo, chief market economist at Spartan Capital Securities.
US consumer prices were flat in July due to a sharp decline in fuel costs, after advancing 1.3% in June, although underlying price pressures remained high. Producer prices also fell last month on lower energy costs.
Source: Ambito
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