February 10, 2021
22:25
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The US markets closed in dispersed order on Wednesday, the session having been punctuated by inflation figures which reassured investors.
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The US stock market ended without direction Wednesday after a volatile session, marked by lower than expected inflation in the United States and strong corporate results. The Dow gained 0.20% to 31,437.80 points, setting a new record. The S&P 500 lost 0.03% to 3,909.88 points, while the Nasdaq fell 0.25% to 13,972.53 points. The publication of consumer price indices in January showed inflation in line with expectations (+ 0.3%) and unexpected stability in inflation excluding food and energy products. Data that reassured investors, who fear that a surge in inflation will lead the Fed on the path of monetary tightening.
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In terms of values, Twitter jumped 13.20% after having reported Tuesday evening a turnover and a quarterly profit above expectations and said anticipate a good start to the year thanks to the rebound in advertising spending.
Also on the rise after their results, Under Armour and Lift took 8.35% and 4.79% respectively. Cisco (-2.60%) signed the biggest drop in the Dow.
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