Wall Street closed in mixed terrain this Wednesday and with the Nasdaq technological index, reputing 1.22% to 17,648 points, in a day marked by the relief experienced in February in the US Consumer Price Index (CPI) of the US, key indicator for inflation and lowered more than expected.
At the touch of bell, the Dow Jones of Industriales gave 0.20% to 41,350 integers, and the selective S&P 500 grew 0.49% to 5,599 units.
The US CPI dropped to 2.8% per year, which represents a moderation of inflation in two tenths against the January data, according to data published on Wednesday by the Bureau of Labor Statistics (BLS,).
The underlying indicator, which excludes fresh food and energy for its volatility, was 3.1%, two tenths less than in January and the lowest data since April 2021.
The known inflation data on Wednesday are better than analysts predicted, who did not hide their concern about the effect of the tariff policy of the new Donald Trump administration, which today imposed 25% levies to all its imports of steel and aluminum, regardless of its origin.
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The European Union also came up quickly, committing to respond reciprocally on US imports worth 26,000 million euros (28,330 million dollars) from April.
In this context, today there was a rebound in the technological sector, which has fallen more than 3%so far this week, spurred by the rise of giants such as Tesla (7%), Nvidia (6.4%), AMD (4%) or goal (2%).
“This reading will slightly dilute the narrative of the stagflation and restore, to some extent, the political flexibility of the Fed,” Dave Grecsek, managing director of Investment Strategy and Research of Aspiriant Wealth Management, predicted today.
The Federal Reserve (Fed), which is very closely observed in this inflation data to make decisions about monetary policy, paused at the moment the cycle of interest rates that began last September.
The sectors that rose the most were the technological (1.56%) and communications (1.43%); They mainly fell from essential goods (2%) and health (1%).
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Among the 30 quoted of Dow Jones also highlighted the progress of Micron (7.4%), Palantir (7.18%) or Axon (5.9%), with notable setbacks for Mondelez (4%) and regeneon Pharmaceuticals (3.9%), among others.
During the last month, the S&P 500 has lost more than 7%, while the Dow and Nasdaq have fallen by 6.8%and 10.2%, respectively.
With EFE information
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