The Main Wall Street indices recorded a positive endingin its three reference indices, after cutting losses on Thursday, June 12, promoted by a rebound of the great technological ones led by Oracle and new signals of slowdown in inflation.
In this context the index Dow Jones Industriales rose 0.24% to 42,967.62 points; he S&P500 won 0.39% to 6,045.94 points and the Nasdaq Composite was appreciated 0.24% to 19,662.49 points.
IPP lower than expected; Trump presses Powell
He May Price Index (IPP) was lower than expectedbraking by lower costs in services such as air rates. The IPP for the final demand rebounded 0.1% last month, after a revised 0.2% drop in April, as reported on Thursday the labor statistics office of the Department of Labor.
Economists surveyed by Reuters had predicted an IPP increase of 0.2%, after a 0.5% drop previously reported in April. In the 12 months until May, the IPP advanced 2.6%, after rising 2.5% in April.
The data last Wednesday showed that consumer prices increased marginally in May, braking by the lowering of gasoline and aerial rates amid a deceleration of demand. However, economists expect inflation to intensify in the second half of the year, as tariff -related rises are filtered to goods.
The Federal Reserve is expected to maintain its reference interest rate in the range of 4.25% to 4.50% next Wednesday, while it is estimated that the US central bank would resume the flexibility of monetary policy in September.
President Donald Trump again disqualified the president of the Federal Reserve, Jerome Powell, and suggested that the Central Bank should cut interest rates at a percentage point to save US $ 600,000 million a year in interest payments of the debt.
Wall Street: Some of the most outstanding actions
Oracle It reached historical maximums as 13.5% advanced after the cloud computing group raised its annual income growth objective and highlighted the solid demand of customers seeking to take advantage of artificial intelligence.
On Wednesday, the Executive Director of Oracle, Safra Catz, informed investors at a telephone conference after the presentation of results, which the total income is expected in their fiscal year 2026 to reach at least US $ 67,000 million, which implies an annual growth of approximately 16.7%.
The company had previously planned an increase of 15%. What was “really impressive is the forecast of an even greater acceleration and a massive volume of reserves in the future,” said Deutsche Bank in a recent note. The company provides that its RPO or request for order of orders will be $ 138,000 million at the end of the year, which represents a customer base and that a business that has been accumulating for several decades will double up next year.
The actions of Boeing They fell 5% after the Air India plane, a 787-8 Dreamliner, crashed minutes away from the city of Ahmedabad, west of India, with 242 people on board. GE Aerospace whose Genx-1B engines drive 787 Dreamliner, also dropped 2.5%.
Chime’s actions They fired 40% to approximately US $ 43 in their stock debut on Thursday, well above the IPO price (opi) of US $ 27 per share.
Mattel Inc It descended 0.2% after the global toys company announced a strategic collaboration with OpenAi to develop products and experiences promoted by AI based on the iconic brands of Mattel.
The Alliance will combine Mattel’s experience in toys and family entertainment with Openai’s advanced technology to create new experiences for consumers. Mattel emphasized that collaboration will focus on game experiences adapted to each age, prioritizing innovation, privacy and security.
Amazon in trouble
The actions of the MEGA technological Amazon threatened with a decline but ended up flat When his designation challenged as a platform subject to more strict requirements under the Digital Services Law (DSA) of the European Union before the second most important court in Europe.
The American Retail Sale Giant online asked the General Court based in Luxembourg to eliminate its classification as a very large online platform (Vlop), arguing that it does not represent systematic risks for its users.
The DSA, which entered into force in 2022, requires large technology companies to take more rigorous measures against illegal and harmful content on their platforms. Companies designated as Vlop must implement additional measures to combat illegal online content, manage risks, perform independent audits and share data with authorities and researchers. Amazon’s lawyer, Robert Spano, declared before the court: «Online markets such as Amazon Store do not raise systemic risks. Second, Vlop standards do not help, nor can they help, rationally to prevent the dissemination of illegal or counterfeit products ».
Source: Ambito
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