(CercleFinance.com) – Wall Street remained in the green until 8:45 p.m. then the trend increased significantly until around 9:15 p.m. (down -0.5% in the Dow Jones) then some buybacks began on the techno.
The Dow Jones thus remained in the red (weighed down by the -5.6% of ‘3M’) while the S&P500 was able to return to the green, as well as the Nasdaq which ended up +0.3%, in the wake of Alphabet +1.1%, Microsoft +1.3%, Nvidia +1.4%, Western Digital and Adobe +2.2%, AMD +2.3%, then Amazon +2.6% (another 4 giants worth more than $1,000 billion among the Nasdaq leaders).
The publication of the highly anticipated American inflation figures was, as is often the case – when the market only shows cause for concern for days – a non-event: the Department of Labor unveiled an American consumer price index up sequentially by +0.6% compared to July, i.e. a score of +3.7% in August compared to the same month of 2022 (after +3.2% in July), which turns out to be a little higher to the expectations of economists (+3.6%).
The ‘core’ annual inflation rate (the one most closely monitored by the FED) stood at 4.3% last month, a level generally in line with that anticipated by the market (after +4.4% in July ).
And Wall Street seems to have been satisfied with that one: that is to say, the glass is half full.
But it is not only the stocks which have stood still – apparently – since the bond markets finished almost unchanged with T-Bonds which erased a symbolic 1Pt to 4.254% after registering their worst mark of the summer 4.368% at the highest (zenith of August 22 retraced).
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