Sitting slightly nervous on Wall Street

The growing session of the New York stock exchanges was disturbed by news from Poland, on which, according to unconfirmed information, two Russian rockets would have fallen. Previously, stock prices were on the rise due to the positive surprise on the inflation front.

There was information on Twitter that during Tuesday’s massive Russian attack on Ukraine some of the missiles could have crossed the NATO border and hit Polish territory. Until the end of the New York session, the Polish government neither confirmed nor denied this information. An emergency meeting of the National Security Council has been called.

The Associated Press reported that a senior US intelligence official confirmed that Russian missiles flew over the NATO border and struck Polish territory, killing two people. – We cannot confirm information about Russian missiles on Polish territory – said Pentagon spokesman General Patrick Ryder.

Reports from Poland for several tens of minutes they shook the Wall Street economy. The S&P 500, which started Tuesday’s session with a gain of more than 1%, quickly fell back to Monday’s close. However the market seems to have quickly recognized that this is not an incident that will trigger a war between NATO and Russia. At the end of the regular session, the S&P500 reached 3,991.73 points, or 0.87% above the threshold. It doesn’t change the fact that for the second time in a row the S&P500 held close to 4,000 points.

The Nasdaq at the end of the day was up 1.45% to finish at 11,358.41 points. The Dow Jones also recovered its intra-session losses, after a modest 0.17% gain, it settled at 33,592.92 points.

Previously, New York indices were higher on better-than-expected data from the United States, where annual growth in the producer price index (PPI) fell to 8% from 8.4% in October of September. The market expected producer price inflation to fall to only 8.3%. This is the second consecutive positive surprise on the inflation front, allowing us to expect the US interest rate hike cycle to slow down. Thursday, a euphoric rise on Wall Street it caused sharper-than-expected decline in consumer price inflation (CPI).

“The market is being driven by inflation statistics, and these came in slightly lower than expected and confirmed last week’s CPI statistics, which, in some simplification, can be considered curve inflation,” he said. said Peter Tuz, chairman of the Chase Investment Counsel quoted by Reuters.

Christopher Colany

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