US stock market indicators turn green thanks to the first signs that point to a slowdown in inflation.
Wall Street does not hit the brakes. Buying dominates the session on the final day of one of the best weeks of the year for US equities, with all three major indicators down more than 5% since Monday. This good balance has been possible thanks to the doubts that have been cleared up around the Federal Reserve's roadmap and the data that point to a slowdown in inflation.
On the one hand, the minutes of the Fed, published on Wednesday, advanced that the institution chaired by Jerome Powell plans two rate hikes of 50 basis points at its meetings in June and July, something that boosted prices in the last two hours that they remained in session.
To this has been added today that the price index for basic personal consumption expenditures rose 4.9% in April, below the 5.2% registered the previous month.
This figure, which indicates that the rebound in prices could have peaked, is used by the Dow Jones to score 0.7% and exceed 32,800 points. The selective is on its way to its sixth consecutive session on the rise, which would serve to end eight consecutive weeks with a negative balance, its worst streak since 1923. Apple, Boeing and Walt Disney lead the advances in the indicator, while UnitedHealth, Merck and Johnson
For its part, the Nasdaq recorded 2.4% and recovered the level of 12,000 points. Among the big technology companies, Alphabet and Apple stand out with increases of 3%, followed by Amazon and Microsoft, which gains more than 2%. Meta advances, on the other hand, remain slightly above 1%.
Other tech groups also posted strong gains on the session, with HP and Hewlett Packard up 5%. The escalation is even greater in the case of Dell Technologies, which soared more than 12% thanks to recording higher than expected sales in the first quarter.
In the oil market, a barrel of West Texas, a reference in the United States, falls to 133 dollars, while the ounce of gold remains at 1,850 dollars. In contrast, the return on the US 10-year bond falls to 2.71%.