The Nasdaq jumps 1.8% after learning that prices remained stable in the US. At the end of the round, the Fed’s monetary policy meeting will end and there will be more details about the future of rates.
The Dow Jones index gains 0.6% towards midday. The technological Nasdaq and the S&P 500, which reached records on Tuesday, jumped 1.8% and 1.2%, respectively, reaching new highs.
Annual inflation in the United States fell more than expected in May, to 3.3% compared to 3.4% in Aprila relief after the rebound at the beginning of 2023, according to the consumer price index (CPI) published on Wednesday.
Data from the Department of Labor showed that In the month-to-month comparison, prices remained stable in May in relation to April, compared to an advance of 0.3% registered in April over March.
The report is better than expected by analysts, who forecast 0.1% monthly inflation and 3.4% year-on-year price increases, according to the consensus gathered by Market Watch.
The day before, Apple soared 7% on Wall Street, to a record high, a day after introducing new artificial intelligence functions aimed at reviving demand for iPhones. This helped the Nasdaq Composite rise 0.9% and the S&P 500 0.3%, reaching record highs at the close.
At the same time, European stocks advanced, recovering some of the losses suffered this week due to nervousness regarding the political panorama in France, where President Emmanuel Macron called early elections after his defeat by the extreme right in the European elections.
Source: Ambito
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