(New York) The New York Stock Exchange rose Friday morning, the day after records for the NASDAQ and the S&P 500, after the release of inflation figures in May in the United States, which did not surprise the market.
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Around 9:50 a.m., the Dow Jones rose 0.50% to 34,367.07 points, the NASDAQ 0.15% to 14,390.57 points and the S&P 500 0.22% to 4,275.81 points.
The Toronto Stock Exchange retreated Friday, at the start of the session, with its information technology and energy sectors.
Toronto’s S & P / TSX Composite Index fell 35.79 points to 20,179.33 points. In the currency market, the Canadian dollar was trading at 81.34 cents US, up from its average rate of 81.20 cents US the previous day.
Inflation in the United States hit 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 increase, 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 Briefing’s Patrick O’Hare, the fact that the New York indices are rising after these figures is a sign that “we are close to the peak of inflation, which means that market participants are anticipating better news related to the inflation. ‘inflation in the coming months’.
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%.
With The Canadian Press
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