wall street closed today in green and the Dow-Jones Industriales gained 1.63%, encouraged by the respite that the new inflation data seem to give, while the technological Nasdaq rose a robust 2.89%.
At the end of the trading on the New York Stock Exchange, the Dow Jones scored 535.10 points higher, to 33,309.51, and the selective S&P 500 also rose 2.13%, or 87.77 integers, to 4,210.24, its highest level in three months.
The Nasdaq market composite index was the most benefited on this day, gaining 360.88 units and staying at 12,854.81.
The stock market reacts like this with resounding optimism to the interannual inflation data for July, of 8.5%, six tenths less than that registered in June and which was then the highest level in four decades.
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According to published data this Wednesday by the Bureau of Labor Statistics (BLS), the year-over-year decline comes after consumer prices have remained stable (0%) this month, thanks mainly to the drop in gasoline prices, which was 7.7% in July.
The drop in the rate of inflation gives a little respite to the US economy, which at the end of July entered into what experts consider a technical recession by chaining two quarters of falls in the gross domestic product (GDP), diagnosis that don’t share the Government of Joe Biden.
Already the inflation data, better than those expected by analysts, were very well received in Europe, where the Frankfurt, Paris, London, Milan and Madrid stock markets all closed higher, while than the Euro Stoxx 50, an index that encompasses to the European companies with the largest capitalization, it has risen 0.91%.
By sectors, all closed today in green, with the highest profits recorded in raw materials (2.88%), non-commodity goods essential (2.87%) and technological (2.77 %).
Among the 30 values of the Dow Jones, all least one also ended in profit, with the biggest gains for Walt Disney (3,98%), Salesforce (3.5%) and Goldman Sachs (3.35%).
In other markets, the Texas oil rose 1.6% to 91.93 dollars a barrel, and at the close of Wall Street gold went down to 1.807.2 dollars an ounce, the profitability of the 10-year US bond fell slightly to 2.792% and the dollar lost ground against the euro, with a change of 1.031.
