The American stock market is brilliant as it deals with the quarterly results

Wall Street opens positive after inflation data

(Finance) – Plus sign for the US stock market, with the Dow Jones up 0.88%, continuing the bullish streak highlighted by three consecutive gains, triggered last Wednesday; along the same lines, a day of gains for theS&P-500which continues the day at 5,635 points. The Nasdaq 100 (+1.04%); on the same trend, positive theS&P 100 (+0.85%).

American inflation the day before, which fell more than expected, has increased the probability that the Fed may intervene in monetary policy. Meanwhile, the quarterly season, with the accounts of banking giants JPMorgan Chase, Wells Fargo and Citigroup.

Positive result in the S&P 500 basket for the sectors informatics (+1.37%), secondary consumer goods (+1.30%) and utilities (+1.15%).

To the top between Wall Street Giants, Intel (+3.94%), IBM (+2.37%), Amgen (+2.06%) and Home Depot (+1.84%).

The strongest drops, however, occur on Boeingwhich continues the session with -1.29%.

It moves below parity Merckshowing a decrease of 0.51%.

To the top between Wall Street tech giantsthey position themselves Intel (+3.94%), ON Semiconductor (+3.41%), Tesla Motors (+3.39%) and Global Foundries (+3.04%).

The worst performances, however, are recorded on Biogenwhich gets -3.91%.

Negative session for Meta Platformswhich shows a loss of 1.73%.

Under pressure Illuminawhich shows a drop of 1.71%.

Slip Diamondback Energywith a clear disadvantage of 1.60%.

Between macroeconomic quantities most important US markets:

Friday 12/07/2024
2.30pm USA: Production prices, monthly (expected 0.1%; prev. 0%)
2.30pm USA: Production prices, annual (expected 2.3%; prev. 2.4%)
4:00 pm USA: University of Michigan Consumer Confidence (expected 68.5; prev. 68.2)

Monday 15/07/2024
2.30pm USA: Empire State Index (prev. -6 points)

Tuesday 16/07/2024
2.30pm USA: Export prices, monthly (previous -0.6%).

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