Investors are waiting closely for inflation data to have greater certainty about what may happen to interest rates.
The wall street indices operate with a majority of increases this Friday, January 9 and particularly the S&P 500 broke the 5,000 point milestoneafter more than half of the companies in the benchmark report corporate profits above expectations. Investors are waiting closely for inflation data to have greater certainty about what may happen to interest rates.
In that context, the Dow Jones falls 46.60 units (+0.1%) to 38,679.73 points while the S&P 500 climbs 14.15 units (+0.3%) to 5,012.06 points. Meanwhile, the Nasdaq Composite it gains 123.56 units (+0.8%) to 15,917.27 points.
In this way, the benchmark S&P 500 broke 5,000 pointsas investors left behind uncertainty about the timing of interest rate cuts and nervousness about the stability of some regional banks.
He Nasdaq is close to surpassing its all-time high reached in November 2021driven by the continued rally in technology and related stocks.
More than half of the companies in the S&P 500 have presented quarterly results, with 81.2% exceeding expectationscompared to a long-term average of 67%, according to data from LSEG from earlier this week.
Wall Street: investors attentive to inflation data, which will give the next clues about interest rates
Investors are awaiting the release of the January Consumer Price Index (CPI), which will be released on Tuesday and will provide the next clues about When the Federal Reserve is likely to start cutting interest rates.
The employment data last week, which showed employers added more jobs than expected last month, while Salaries recorded the largest increase in almost two yearsraise some concern that price pressures could surprise to the upside.
However, if the data show that the inflation continues to moderatethat could give the Federal Reserve more confident that he can cut rates.
Authorities of the Fedincluding the president Jerome Powellthey said in recent days that They want to see more evidence that inflation will continue to decline before cutting rates.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
