Home » today » Business » Wall Street in green amid signs of downward inflation – 2024-03-11 18:40:50

Wall Street in green amid signs of downward inflation – 2024-03-11 18:40:50

In this photograph you can see the New York Stock Exchange. Stocks on Wall Street closed higher on Friday, January 5, 2018, led by big gains in technology, materials and energy stocks. (AP Photo/Mark Lennihan, File)

Wall Street opened this Thursday in green and the Dow Jones Industrialsits main indicator, rose 0.50%, amid signs that inflation seems increasingly controlled.

Three minutes after the trading floor opened, the Dow Jones stood at 38,901 points, and the selective S&P 500 rose 0.59%, up to 5,142 points.

The composite index of the Nasdaq market, where the main technology companies are listed, rose 0.43%, up to 16,100 units.

This Thursday, the European Central Bank lowered its inflation forecasts in the eurozone to 2% in 2025; For the CNBC portal, “it is a positive sign on the international inflation front.”

On Wednesday, the president of the Reserva Federal (Fed), Jerome Powelltold Congress that he expected interest rate cuts before the end of the year, but not immediately.

Jerome Powell.

By sectors, all registered gains on Thursday morning, the clearest being raw materials (1.55%) and communications (1.1%).

Among the 30 Dow Jones stocks, the biggest advances were for Intel (2,52 %) y American Express (2.06%), while Amgen (-1.97%) stood out among the losers. Applewhich has had several consecutive days of declines, opened with a slight rise of 0.31%.

Outside of the Dow Jones, the company Victoria´s Secret plummeted (-28%) after reporting disappointing results. EFE (I)

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