Wall Street opened this Wednesday in green and one of its main indices, the technological Nasdaq, rose 1.67%, to 19,361 points, after the publication of the latest report on the US Consumer Price Index (CPI) in December and the results of major US banks.
Ten minutes after the start of the session, the Dow Jones Industrial Average rose 1.47%, to 43,143 points; while the S&P 500 also grew by 1.39%, to 5,924 units.
The United States CPI rose two tenths in December, to 2.9% year-on-year, compared to 2.7% in November, and closed 2024 far from the 2% target, with a rebound that complicates the pace of lowering interest rates that began in September by the Federal Reserve (Fed).
The underlying CPI data, which excludes volatile food and energy prices, fell one tenth in December to 3.2% year-on-year, the Bureau of Labor Statistics (BLS) reported this Wednesday.
The data known today are relatively positive for the Fed, which prefers to focus on underlying inflation as an indicator of price developments to determine its monetary policy, but the data is still above the issuing bank’s 2% objective and its pace. moderation remains extremely slow.
After these data were known, the yield on the 10-year Treasury bond plummeted to 4,661% at opening time.
The season for presenting fourth-quarter and cumulative results began positively this Wednesday, with large US banks exceeding Wall Street expectations.
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BlackRock also gained momentum in the stock market with 4.62%.
At opening time, the shares of the largest bank in the US, JPMorgan Chase, rose 0.47%, after learning that it obtained a profit of $58.5 billion in 2024, which represents a historic milestone for the entity. and almost 18% more compared to the previous year.
For its part, Goldman Sachs grew 4.92% on the stock market, after reporting that it earned 68% more than the previous year.
Wells Fargo also rose 4.27%, after reporting that it obtained a net profit of $19,722 million in 2024, 3% more than the previous year; while Citigroup, which grew almost 40% more than the previous year, rose 3.89% on the stock market.
The BlackRock investment fund, whose net profit grew 16% more than last year, also gained momentum on the stock market with 4.62%.
Among the 30 largest listed companies in the Dow Jones, the gains of Goldman Sachs and Home Depot (3.03%) stood out this morning; while the only one that registered losses was UnitedHealth (-0.94%).
By sector, all registered gains at opening time, with notable increases in non-essential goods (2.31%), real estate (2.19%) and public services (2.06%).
With information from EFE.
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