The New York Stock Exchange rose, the day after records for the Nasdaq and the S&P 500, after the publication of inflation figures in May in the United States, which did not surprise the market.
Within minutes of the opening, the Dow Jones rose 0.49% to 34,365.89 points, the Nasdaq 0.18% to 14,395.43 points and the S&P 500 0.21% to 4,275.63 points.
Inflation in the United States reached 3.9% year-on-year last month, amid a strong recovery in the US economy, according to data released Friday by the Commerce Department.
The rise, due in large part to the surge in energy prices, is certainly marked, but it corresponds to Wall Street’s expectations.
Over one month, inflation also slowed to + 0.4%, against + 0.6% in April.
For Patrick O’Hare of Briefing, the fact that the New York indices progress after these figures is a sign that “We are nearing peak inflation, which means market participants are anticipating better inflation-related news in the coming months.”
Nike flies away
The Dow Jones index was also carried on Friday by the sparkling stock market health of Nike (+ 15.04%), which announced the day before a solid quarterly turnover (March to May) in America thanks to the recovery sports activities and the continued growth of online sales.
Among the other values of the day, FedEx fell 4.77% despite better than expected results but clearly not sufficient in the eyes of Wall Street. The American letter and parcel transport group also spoke of difficulties in staffing its workforce to meet demand.
Virgin Galactic (+ 14.31%) took off after receiving authorization to fly customers in space from the US air transport agency, which officially gives the green light to space tourism.
In the bond market, the 10-year rate on US debt was close to equilibrium at 1.49%.
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