Soothing inflation figures drive Wall Street

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In a climate of stabilization, US stock markets predominantly posted gains on Thursday, supported by inflation figures that fueled hopes for a respite in price pressure. Notably, shares in the technology sector, traditionally sensitive to interest rate changes, picked up and invigorated the markets. The Dow Jones Industrial, representative of industrial values, experienced a marginal correction of 0.04 percent to 38,932.34 points. However, the S&P 500 received decisive impulses, climbing by 0.30 percent to 5,084.87 points. Even more impressive was the performance of the Nasdaq 100, which added 0.62 percent and stood at 17,985.56 points. A fresh breeze is blowing through economic projections as January's inflation figures in the United States met expectations and signaled a further weakening in the rise of consumer prices. The PCE price index, a preferred yardstick of the Federal Reserve, increased by only 2.4 percent year-over-year, as opposed to 2.6 percent in December. Even more telling, the core rate, which omits more volatile food and energy prices, convinced with a decrease to 2.8 percent. In the sector of corporate reports, Salesforce held up well by exceeding expectations with its earnings forecast, thus overshadowing disappointment over a weak revenue outlook, which led to an increase of one percent. Snowflake, on the other hand, had to concede a slump of 19 percent; here, both the revenue forecast and the departure of the company's CEO weighed heavily. The refreshment, however, came from Monster Beverage, whose shares in the Nasdaq 100 climbed by more than five percent. The beverage manufacturer had particularly impressed with its gross margin. Less sparkling was the share price performance of AMC Entertainment, which fell by twelve percent after a mixed business year, thus reacting to the cut in remuneration of CEO Adam Aron.

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