The main Wall Street indices rose on Friday, after inflation data that met expectations, but recorded losses in the week.
The data relieved the concern that the persistent pressures on prices can delay the cuts of the Federal Reserve interest rates.
The expenditure of American consumers increased more than expected in August, according to data, which keeps the economy on solid terrain as the third quarter progresses, while inflation continues to accelerate at a moderate rhythm.
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The data offers clarity after a tense week in which investors weighed the contradictory signals of the Fed monetary authorities. The S&P 500 and the Nasdaq broke a three -week running streak.
Some analysts, however, warned that inflation figures do not capture the complete panorama and that the impact of new tariffs has yet to seep.
“A much greater impact of inflation is yet to arrive. Companies accumulated exists aggressive during the first half of the year, which has allowed them to delay price increases, but this process is now taking place,” said Nathan Sheets, of Citigroup.
According to preliminary closing data, the S&P 500 won 38.82 points, or 0.59%, at 6643.68 points; while Nasdaq Composite won 97.74 points, or 0.44%, at 22,482.44 units. The industrial average Dow Jones rose 303.56 points, or 0.66%, to 46,250.88 points.
The president of the United States, Donald Trump, revealed new import tariffs on Thursday, which could rekindle fears to a new commercial war and complicate inflationary perspectives.
The Eli Lilly Laboratory and the Paccar truck manufacturer went up, leading the increases in the S&P 500.
With Reuters information
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