NEW YORK, Sept 14 (Reuters) – The New York Stock Exchange rebounded slightly on Wednesday in the wake of its worst session since June 2020 despite lingering fears of an acceleration in monetary tightening in the United States due to the maintenance of inflation. at a high level.
The Dow Jones Industrial Average gained 0.1%, or 30.12 points, to 31,135.09 points.
The broader S&P-500 gained 13.45 points, or 0.34%, to 3,946.14 points.
The Nasdaq Composite rose more sharply by 86.1 points (0.74%) to 11,719.68 points.
Wall Street regained some momentum after digesting the disappointment of the consumer price index in the United States, which emerged up 0.1% in August after stagnating in July, which had plunged the markets on Tuesday by ending any hope of a lower than expected rate hike.
Investors also took some comfort in the publication by the Labor Department, before the opening of the session, of the producer price index in the United States, which fell by 0.1% in August – this which is still worse than July’s -0.4%.
But the market remained hesitant and very volatile a week before the Federal Reserve (Fed) monetary policy meeting, while markets now assess at 26%, against 0% the previous day, the probability of a rate hike. 100 basis points on September 21, instead of 75 points.
In values, some new technology giants such as Tesla (+3.62%), Amazon (+1.42%) and Apple (+1.03%) regained some lost ground on Tuesday, while Meta Platforms (- 1.08%) disappointed again, falling in session to its lowest level since March 2020.
Starbucks fared well, rising 5.53% after announcing a forecast for like-for-like sales growth of 7% to 9% per year over the next three years and a possible distribution of around 20 billion dollars to its shareholders over the same period.
Johnson & Johnson gained 2.06% after announcing a share buyback plan that could reach $5 billion.