Wall Street: Wall Street ends in disorganized order, the Dow above 40,000 points


NEW YORK (Reuters) – The New York Stock Exchange ended in mixed order on Friday, catching its breath a little after two days of euphoria caused by the latest inflation figures in the United States, which did not prevented the Dow Jones from setting a record close above 40,000 points.

The Dow Jones index gained 0.3%, or 134.21 points, to 40,003.59 points.

The broader Standard & Poor’s 500 gained 6.17 points, or 0.1% to 5,303.27 points.

The Nasdaq Composite fell 12.355 points, or 0.1%, to 16,685.966 points.

After two sessions of sharp increases following the publication of the latest CPI inflation figures, which suggest an imminent rate cut by the Federal Reserve, investors have taken a breath, even if the Dow Jones has crossed the symbolic bar of 40,000 points at the end of the session.

Over the week, the three indices finished clearly in the green, with the S&P-500 gaining more than 1.5%, the Nasdaq more than 2% and the Dow Jones 1.25%.

“Today is a digestion day: We just set records and now we’re into a fourth straight week of gains, and the market appears to be taking a pause,” said Keith Lerner, co-chief investment officer. at Truist Advisory Services in Atlanta.

In terms of values, AMD gained 1.13% after Microsoft announced plans to offer its customers access to artificial intelligence chips manufactured by the designer.

(Chibuike Oguh and Shristi Achar A, French version Tangi Salaün)

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