May 16, 2024

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Wall Street is up 0.45% after yesterday's feast with good inflation data

Wall Street is up 0.45% after yesterday’s feast with good inflation data

behind the Yesterday’s feast on Wall Street, Filmed by The best US inflation data, US stock markets open in the fifth and final session this week with a A more moderate rise, approaching 0.45%.

The Nasdaq 100Due to its strong technological component, the index is best suited to absorb the 7.7% annual inflation in the US. today It is revalued at 1.1%. The technology sector that has suffered throughout 2022 with strong corrections as a result of interest rate hikes by the Federal Reserve (Fed). Investors assume that if prices in the United States moderate, their central bank will decline as interest rates are raised.

A good example is, as published by EL ESPAÑOL-Invertia, that the popular Cathie Wood’s ARK Innovation ETF, which focuses on innovative technology companies, recorded the best day in its history yesterdayWith a profit of 14.5%.

For its part, the S&P 500 rose 0.5%, although the Dow Jones lost 0.30% at this time. For its part, the selectivity of small American companies, the Russell 2000, rose 1.50%.

Wall Street wants to follow the rhythm of the Old Continent, as the EuroStoxx 50 Index rose 0.80% today, led by the German DAX and the French CAC 40.

Across the Atlantic, all eyes are also on the world of crypto assets. Today it is known that FTX has filed for bankruptcy and CEO Sam Bankman-Fried has resigned.

As a result of this news, the bitcoin returns 4.75%, up to 16,401 euros for each of its cryptocurrencies, and Ethereum loses 2.9%up to 1233 euros.

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