US stocks are on the rise as inflation meets expectations Financial Markets News

All three major US indexes have progressed, with the technical divisions increasing significantly.

Wall Street advanced Friday and the S&P 500 saw a steady decline, with market participants accounting for inflation-linked inflation, and also showing a significant annual increase in consumer prices for nearly four decades.

All three major US indexes have progressed, with the technical divisions increasing significantly.

The Dow Jones Industrial Average rose 0.6 percent to 35,970.99, the S&P 500 gained 0.95 percent to 4,712.02 and the tech-heavy Nasdaq Composite Index rose 0.73 percent to 15,630.60.

All indexes ended the session earlier last Friday, and the S&P 500 benchmark recorded its biggest lead each week since February, as a sharp decline in the Omicron coronavirus helped boost more meetings earlier in the week.

A report from the United States Department of Labor revealed that consumer prices rose last month to 6.8 percent a year, the highest figure in 39 years.

“It seems that what is happening today shows that the markets are declining [consumer price index or CPI] read, ”says Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “Markets are always looking forward and maybe today’s reading shows an upward trend.”

The economic downturn due to the ongoing crisis shows that the US Federal Reserve may begin to tighten its monetary policy sooner than many expect.

“Obviously, it is driven primarily by marketing issues,” said Tim Ghriskey, chief technical officer at Inverness Counsel in New York. “But it seems that this could be reduced, and over time we should see it run smoothly. And that should take a step back from the inflation accelerator.”

A study by Reuters economists sees the central bank raise interest rates from around zero to 0.25-0.50 percent in the third quarter next year, followed by a fourth quarter.

The Fed is expected to meet next week at its two-day financial summit, in which participants in the market will look at how they can help increase prices and reduce their purchases.

“The Fed has been pushing for strongness lately,” Carlson said. “The markets are much better off with the Fed tightening if it lowers expectations for inflation.”

Oracle Corp software developers jumped at the chance to predict a third interest rate.

Broadcom Inc has moved forward following the announcement of a chip maker with a plan to purchase shares of $ 10bn.

Elon Musk, CEO of Tesla Inc, wrote that he was “thinking of retiring and becoming a regular motivator.” The automotive electronics industry ended the high segment.

Southwest Airlines went down after Goldman Sachs lowered air traffic controllers to “sell” from “cash”.