Wall Street is on the rise again


Key stocks on Wall Street rose on Thursday after the sell-off, mainly on technology stocks that fueled inflation and rising US government bond yields on Wednesday.

On the board, the Dow Jones industrial average fell 42.84 points or 0.12%, with the broader S&P 500 gaining 11.59 points or 0.25%, while the technology Nasdaq rose 131.2 points or 0.84%.

Nvidia shares more than 2%, while AMD shares more than 1%. Shares in both Facebook’s parent company, Meta, and Google’s parent company, Alphabet, are also gaining ground.

Tesla shares rose about 1% in initial trading following CEO Elon Musk’s move to sell $ 5 billion worth of shares in the week, according to financials documents released Wednesday.

Disney stock fell more than 8% after disappointing quarterly results in revenue and profits. The number of subscribers to the Disney + platform also disappointed with the predictions.

The US consumer price index rose 6.2% year-on-year on Wednesday on Wednesday, the highest level in 31 years.

Following the announcement of US inflation data yesterday, traders revised their estimates of how quickly the country’s Federal Reserve will proceed with the first post-pandemic rate hike. It is now predicted by the market that it will happen in July 2022.

Of the 30 Dow shares, 15 are positive and 15 are negative. The gains are led by those of Boeing, Salesforce, Caterpillar, while those of losses are led by Walt Disney, Visa, Johnson & Johnson.


Source: Zougla.gr by www.zougla.gr.

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