wall street closed this Friday in green and its main indicator, the dow jones of Industriales, rose 1.47%, although the highest rise of the day was for nasdaqwhich added 3.82% after a turbulent week in which investors have been concerned about higher-than-expected US inflation.
At the close of operations in the NYSEthe Dow Jones added 466.36 points and stood at 32,196.66 integers, while the selective S&P 500 gained 2.39% or 93.81 points, to 4,023.88.
The Nasdaq Composite Market Index ended the day with an increase of 3.82% or 434.04 points, to 11,805.00 integers.
This rise comes after a week of high market volatility marked by concerns about inflation in the country, which has been skyrocketing for months.
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According to the latest data, the rise in prices moderated slightly in April, standing at 8.3% year-on-year, two tenths less than in March, although it continues to be at levels not seen for four decades.
The data, however, was worse than expected, which made investors fear that a ceiling in price increases had not yet been reached and also raised doubts about the effectiveness of the control policies of the Federal Reserve (Fed).
At the international level, investors are also very aware of the war in Ukraine and the effects on the market that the increasing vetoes against Russiaas well as the confinements in China and the effects that these may have on the supply chain.
“Just as trees do not go up to the sky, prices do not fall forever,” said Sam Stovall, chief investment strategist at CFRA, in statements collected by the specialized network CNBC.
“Even approaching bear markets tend to see relief rallies, which is what seems to be happening in the markets today,” he added.
At the end of today’s session, all sectors were dyed green and the largest gains were for non-essential goods (4.1%), technology (3.44%) and energy (3.38%) . Among the Dow Jones companies, the gains of Nike (4.47%), Salesforce (4.05%) and American Express (3.58%) stood out, as well as the losses of Johnson & Johnson (-0.57%). ), Amgen (-0.54%) and Merck & Co (-0.46%).
Elsewhere, Texas oil rose to $110.49 a barrel, the 10-year Treasury yield rose to 2.93%, gold fell to $1,808.80 an ounce and the dollar lost ground against to the euro, with an exchange rate of 1.0399.
