Wall Street reacts to inflation data
Wall Street opened the day with a positive sign, supported by inflation data that proved to be in line with analysts’ expectations. This scenario has led to a climate of optimism among investors, who have welcomed recent economic news. In the month of November, consumer prices registered an increase of 0.3% compared to the previous month, marking the most significant increase in the last seven months.
This figure is particularly relevant in an economic environment where inflation has been closely monitored
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Analysis of inflation data
On an annual basis, inflation rose to 2.7%, in line with expert forecasts. This increase was accompanied by a ‘core’ figure that maintained a growth of 3.3%, suggesting some stability in prices outside of energy and food fluctuations. Energy and food prices showed minimal changes, confirming the stability of economic forecasts. Analysts believe that this data may influence the Federal Reserve’s future decisions regarding monetary policy
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Performance of the main stock indices
The Dow Jones Industrial Average gained 97.18 points, an increase of 0.22%, while the S&P 500 rose 30.62 points (+ 0.51%). The Nasdaq also made progress, gaining 154.22 points, equivalent to an increase of 0.78%. These results highlight a climate of confidence among investors, who seem optimistic about future economic growth. The positive reaction in the stock markets is a sign that investors are betting on a sustained economic recovery
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