Dow jumps 271 points, S&P 500 extends win streak, Nasdaq sheds 0.18%
American shares closed Thursday, the S&P 500 increasing by 0.4% to record a fourth consecutive day of earnings, while the industrial average of Dow Jones has climbed more than 250 points.
The composite nasdaq soaked 0.2%, breaking his sequence of six -day victories.
The markets were raised by signs of softening trade tensions after the United States and China have agreed to temporarily reduce prices, relieving investors concerned about inflation and global growth.
Treasury yield at 10 years fell To 4.44% following a drop in surprise in the April producers’ price index, which decreased by 0.5% per month.
Retail sales in April pink Only 0.1%, in accordance with expectations but below the overvoltage of 1.7% of March. Meanwhile, industrial production posted a small drop.
Walmart to increase prices
Walmart said It will increase prices in response to prices, signaling continuous pressure on retailers and consumers. Walmart’s shares have slipped 0.5% after the company has retained the advice on profits for the current quarter.
The technological actions, which have carried out markets in recent days, have taken a break. Meta platforms dropped 4% on AI delayed deployment reports, while Nvidia and Tesla remained about 15% for the week.
Investors have also digested the comments of the president of the Federal Reserve, Jerome Powell, who warned against more volatile inflation due to persistent global supply shocks.
Meanwhile, President Trump referred to possible trade agreements with India and Iran, fueling hopes with new economic tail winds.
In an out -of -competition movement, locker on foot crowded Almost 86% after announcing a merger of $ 2.4 billion with Dick’s Sporting Goods. Upwardly, United Health fell almost 11% following reports from a DOJ survey, which the company said it had not been officially informed.
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