The Dow Jones index of industrialists dropped 0.64% to 42,140.43 points; The S&P500 won 0.70% to 5,884.87 points and the Nasdaq Composite showed 1.61% to 19,010.09 points.
Inflation in the US played minimum of four years
The consumer price index, published on the date, He indicated that inflation remained contained, Even while economists evaluated the impact of the rapid evolution of US commercial policies.
The General Consumer Price Index grew 2.3% in the 12 months to April, compared to the expectations that it would equal the pace of 2.4% in March. It was the lowest inflation rate since February 2021, shortly before the accumulated demand driven by the pandemic and the limitations of the supply caused a price increase.
In monthly terms, the indicator stood at 0.2% after a 0.1% decrease in the previous month, according to data from the Labor Department published on Tuesday. Estimates provided a 0.3%rebound.
Core inflation, which excludes volatile items such as food and fuel, increased a per month, below the expected 0.3%, and 2.8% annual.
“There are still no indications that tariffs are promoting Prices, “said Morgan Stanley in a recent note, a few days after the United States and China reached a commercial agreement. Washington agreed to substantially reduce their elevated tariff Tariffs for 90 days.
Wall Street: The most outstanding actions of the Day Wall Street the most outstanding actions of the day
In the corporate sector, Boeing’s actions rose 3% After Bloomberg reported that China had raised a prohibition that prevented local airlines from receiving their planes, in another possible distension of commercial tensions between Washington and Beijing.
Besides, UnitedHealth collapsed 18.2% After the health insurer suspended her annual financial prognosis due to a greater increase in medical costs, while the executive director, Andrew Witty, decided to leave the company’s address.
The actions of Under Armor advanced 1.4% When it was known that the quarterly income of the sportswear manufacturer exceeded expectations, even after reporting losses in the first quarter. Coinbase Global shot 24.6% while the cryptocurrency exchange platform is preparing to join the S&P 500 index, replacing Discover Financial Services before the start of the stock day of May 19.
Among the actions that were most appreciated, Coinbase (+24.6%), Nuscale Power (+24.5%), Life 360 (+23%), Archer Aviation (+22.5%) and First Solar (+22.3%).
As long as the most resigned value, regionell (-26.7%), Halozyme (-24.9%), United Healt (-18.2%), Xenon (-16.4%) and Rigetti Computing (-13.4%).
Barclays analyzed US economic perspectives and those of the Federal Reserve.
In a note published on Tuesday, Barclays said textually “we foresee a less significant increase in inflation and no recession”, after negotiations between the US and China during the weekend gave as a result important tariff decreases. Barclays expects these to remain “in the medium term.”
As a result, now it provides only a 25 basic points rate cut by the Federal Reserve this year, in December, in front of the previous forecast of two cuts.
He also raised his PBI perspective. “Our base no longer reflects slight recession of the second semester of 2025 that we had warned in our forecasts,” the analysts wrote.
The bank now expects a 0.5% GDP growth in 2025 and 1.5% in 2026, considering the fourth quarter. It provides that salaried employment will slowly be slowed, but without loss of positions and that the unemployment rate reaches a maximum of 4.3%.
By 2026, Barclays predicts that the Fed will implement three additional cuts of 25 basic points in interest rates, with the rate of own funds closing the year at 3.25%-3.50%. “Since the two Fed mandates are no longer conflicting, we hope that the Federal Open Market Committee (FOMC) implements three cuts of 25 basic points in March, June and September of that year,” the bank concluded.
Source: Ambito
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