Wall Street closes in the green and S&P 500 and Nasdaq closed at their highest levels in 2023

Wall Street closed this Thursday for the fourth consecutive day in the green and both the S&P 500 and the Nasdaq closed at the highest levels of 2023, thus continuing the momentum they achieved yesterday after the announcement of a new drop in inflation in the United States. .

Upon completion of operations in New York, the Dow Jones It rose 0.14% and stood at 34,395 points, while the selective S&P 500 added 0.85%, up to 4,510 units.

The Nasdaq market composite index, in which most of the most important technology companies are listed, added 1.58% and ended the day at 14,138 units.

The US authorities announced on Wednesday that the inflation rate fell by one point in June to 3%, reaching its lowest level since before the pandemic.

US inflation has fallen for twelve consecutive months since in June 2022 it broke its record for the last 40 years by standing at 9.1%.

In monthly terms, consumer prices rose two tenths compared to the month of May, slightly better data than expected by analysts.

With these data in hand, the Federal Reserve (Fed) You must now decide whether to raise interest rates again this month, as planned, or whether to leave them at the current range.

For its part, today the June producer price index report rose less than expected.

Today also began the season of corporate results and those in charge of giving the starting signal were PepsiCo and Delta.

The PepsiCo group of soft drinks and food products obtained a net profit of 4,680 million dollars in the first half of the year, 17.7% less than a year ago.

While the US airline earned 1,464 million dollars in the first half of the year, thus turning around the result obtained in 2022, when in those same six months it lost 205 million dollars.

On Friday it will be the turn of the largest bank by assets in the United States, JPMorgan, as well as the banks Wells Fargo and Citigroup, to publish their results.

By sectors, the greatest gains were for communications and technology, which added 2.23% and 1.47%, respectively. Meanwhile, the only losses were for energy and sanitation, which fell by 0.46% and 0.01%.

Among the 30 Dow Jones stocks, the companies with the highest losses were Walgreens (-1.99%) and Travelers (-1.69%), and those with the highest gains were Microsoft (1.62%) and Cisco (1.56 %).

In other markets, Texas oil closed at $76.89 a barrel, and at the close of the stock market the yield on the ten-year US bond fell to 3.761%, gold rose to $1,964 an ounce and the dollar was asking for ground against the euro , with a change of 1.1225.