NEW YORK (Reuters) – The New York Stock Exchange ended up rather reassured on Friday by the latest inflation figures in the United States.
The Dow Jones ended the week on a positive note, with an increase of 1.51% to 38,686.32 points. The S&P gained 0.85% to 5,280.01 points. Only the Nasdaq finished stable (-0.01%) at 16,735.015.
The major indicator of the day, the PCE inflation index, rose 0.3% over one month in April, and 2.7% over one year, figures in line with expectations although unlikely to clarify upcoming decisions by the American central bank.
While some investment strategists were relieved that inflation hadn’t been higher, others were more cautious.
“It was just a ‘status quo statistic’ kind of thing. It doesn’t give any indication as to whether the Fed is going to wait and see or start cutting rates sooner,” said Robert Pavlik, portfolio manager for Dakota. Wealth, Connecticut.
Operators estimated the probability of a rate reduction by September to be 51%, compared to 49% before the publication of the PCE inflation index.
Dell plunged nearly 18% after announcing a quarterly profit forecast below expectations and an increase in costs linked to artificial intelligence which will weigh on its annual margin.
Conversely, Gap jumped 28.6% after the upward revision of its annual turnover outlook and a first quarter profit above expectations, which indicate that the clothing group’s recovery strategy is beginning. to bear fruit.
(Jean-Stéphane Brosse for the French version)
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