On the rise, the main indicators in New York Stock ExchangeIn an effort to recover after four consecutive days of fall, when international oil prices fell.
Traders have also shown not to be particularly affected by the increasing expectations of an increase in interest rates by the US Federal Central Bank following the latest data on inflation in the United States.
Industrial index Dow Jones rose 0.98%, at 52.573.29 points. The wider indicator S&P 500 It was increased by 0.86%, at 7.656.98 units. The technological indicator Nasdaq Composite recorded profits of 0.96%, at 26,333,035 units.
The main stock indices have retreated for four consecutive meetings. For Dow Jones, it is the longest in a row of daily losses since late April.
Prices of crude oil retreated, restricting part of the strong gains made this week due to the escalation of tensions in the Middle East. The West Texas Intermediate (WTI) future fulfillment contracts retreated by 1.18%, at $100.64 a barrel. Brent contracts also scored a 2.51% drop, at 104.88 a barrel.
Despite the retreat, both contracts remained in orbit for a weekly rise of about 8%. In addition, the latest inflation figures in the USA show that higher energy prices are under increasing pressure on consumer goods prices.
THE consumer price index (CPI) increased by 0.4% in August on a monthly basis and 3.4% on an annual basis, according to Dow Jones estimates. Structural inflation (Core CPI), which does not include energy and food prices, increased by 0.3% over the previous month, slightly more than expected.
The yields of bonds remained broadly fixed after publication of the data, although the performance of the two-year American state bond touched its highest level since July 2024, reflecting the increasing expectations of increasing interest rates from Federal Reserve. CME Group's FedWatch tool shows a 85.6% probability of increasing interest rates by 0.25 percentage points next week.
«The debate has shifted relatively quickly from whether the Fed will increase interest rates to the most important question, namely, how many increases will eventually be needed in this cycle», told CNBC the Seema Shah, head global strategic analyst in Principal Asset Management.
«We do not expect the Fed to move forward with a single increase. This is no longer just about a slight adjustment of the economy. After half a decade of inflation over the target, policy makers are likely to conclude that more than one interest rate increase will be needed to restore price stability.»
Technology shares recorded significant gains early Friday, as investors returned to development-related investments. This is due to a positive score report from the cloud computing Oracle company, which also strengthened, this week, investor confidence in the prospects of artificial intelligence (AI).
