The three indexes are preparing to close the week with climbs. Both the Dow Jones and the S&P 500 and the Nasdaq 100 rise more than 1% in the last four days thanks to the new inflation data To the consumer, who increased confidence in new interest -rates cuts by the Fed.
The buying mood cooled yesterday after the publication of a wholesale inflation fact that expected, although it did not prevent the S&P 500 from reaching new record levels at the close. At this time, Dow Jones advances over 45,150 points, the S&P 500 It is installed on the 6,452 points after registering 0.2% drops and Nasdaq 100 descends to 21,688 integers.
The bags quote macro and Trump data announces new steel tariffs and semiconductor chips
Today in the gaze the avalanche of macro references that will be published on the US economy, mainly import prices, retail sales and consumer confidence.
- Las Retail sales increased solidly in July, driven by the strong demand for vehicles, as well as for the promotions of Amazon and Walmart, although the weakening of the labor market and the increase in goods prices could stop the growth of consumer spending in the third quarter. Retail sales rose 0.5% last month after an increased increase of 0.9% in June, the office of the Census of the Department of Commerce said on Friday. Part of the rise in retail sales last month could be due to the increases in prices driven by tariffs, rather than volumes.
- He Import price index 0.4% rose in July, according to the Labor Department report, while the June data was reviewed from 0.1% to -0.1%
- Finally, The manufacturing activity index of the New York regionprepared by the Fed and known as Empire State, rose to 11.9 in August. Analysts had planned to be placed in 0.0 in August in front of a July data 5.5.
- The industrial production dropped to -0.1% in July compared to 0.4% of the month of June.
After these data, the futures of the short -term interest rates in the United States went down. The operators continue to consider that the Federal Reserve will cut the rates next month, but reduced the probability of a quarter -point reduction to about 89% from 94% prior to the report. They also foresee another reduction this year.
For its part, the President of the Bank of the Federal Reserve of Chicago, Austan Goolsbeehas affirmed this Friday as the reports that showed this week an acceleration of the inflation of the services are a source of «restlessness», given what he considers as a stagging impulse of tariffs on the economy. «I feel that we still need at least another (report) to find out if we are still on the golden path,» Goolsbee told CNBC. «If we can ensure or get a clue that for this meeting, or the meetings of this autumn (boreal), we are not in an inflationary spiral that seems to be persistent, I still believe that it makes sense given the strength of the economy to move the rates (of interest) more back to where we believe they will establish themselves,» he said.
Besides, Investors follow the historic summit that Trump and Putin celebrate in Alaska today. With both leaders, all options are on the table and it seems that the later press conference will be one of the most followed events of this year, revealing how close or far is the end of the war in Ukraine that has spread for more than three and a half years.
«The president wants to exhaust all the options to try to bring this war to a peaceful resolution,» said the White House on the eve of the Alaska Summit. It remains to be seen if those «options» will finally be good or bad for Ukraine.
Before the meeting, the president of the United States has assured that it will set tariffs on steel imports next week and the next semiconductor chips. «I will establish tariffs next week and the next about steel and on, I would say, the chips,» Trump told journalists aboard the Air Force One while heading to a meeting with the Russian president, Vladimir Putin, in Alaska. He said that The rates would be lower at the beginning to allow companies to come and prop up national manufacturing, and then increase them later. He did not give an exact number.
Protagonist actions in Wall Street
On the corporate side, UnitedHealth Group rises strongly at the opening after Berkshire Hathaway has announced an investment the company. As can be seen from the reports of the SEC, Berkshire had 5.04 million shares of United Group worth about 1570 million dollars to June 30. An investment that occurs at a bitter moment for the company, which has been affected by the increase in health costs, an investigation of the US Department of Justice. Uu. On its billing practices, a cyber attack and the murder of the former high executive Brian Thompson in December. Their shares open with increases of more than 9%, to 296.84 dollars.
Intel also uploads this Friday, after scoring more than 7% in yesterday’s session, after Bloomberg reported that the Trump administration is in conversations to buy a participation in the company, which would help her reinforce her manufacturing capacity in the US.
The manufacturer of semiconductor equipment, Applied Material, falls more than 13% after the perspectives for the current quarter did not meet the expectations of the analysts. The profits and income of the third fiscal quarter exceeded the estimates. Their shares move in the $ 163.70.
Target falls timidly at the opening after Bank of America reduced the company’s rating to a lower performance from neutral and cut its objective price for shares. Target’s long -term perspective is deteriorating as the company further behind its peers, the bank said.
Sandisk falls more than 7% in the opening after the data storage supplier has ensured that the gross non -gaap margin of the fourth quarter fell to 26.4% from 36.4% of a year ago.
Rivian Automotive has assured that The reversal of fuel economy standards under the Trump administration is holding $ 100 million of income linked to regulatory credit contractsreported the Wall Street Journal.
Circle Internet Group said Thursday that it will offer 10 million class A shares at $ 130 each in a secondary sale, more than four times the price of its initial public offer. The Stablecoin issuer announced the offer on Tuesday after informing its first quarterly profits as a company that quotes in the stock market. Circle said it is selling 2 million shares, while shareholders will sell the remaining 8 million shares.
The offer has exerted pressure on the shares, which have fallen more than 12% so far this week. But the company’s profits have been solid since its initial public offer of June 5. Even with this last setback, the shares have risen almost 350% since the debut of the shares.
Other bags and markets
European stock markets keep up. He DAX rises 0.14%, over 24,397 points, the FT-100 remains flaton the 9,158 points, the CAC-40 It quotes at 7,935 points after rising 0.6%, while the Eurostoxx 50 advance 0.3%, over 5,455 points.,
Asian bags have closed most of them. He Nikkei advance 1.7%, over 43,360 points, the index of Shanghai 0.8%is recorded, over 3,697 points China A50 advances slightly over 14,224 points and Hang Seng It becomes the only negative index with a 1%drop.
Oil prices maintain a caution dose waiting for the summit between Trump and Putin this Friday. If there is finally a peace agreement on Ukraine, it could occur, but otherwise, there could be new measures against buyers. West Texas futures fall 1.3% to 63.12 dollars, while Brent International reference oil is paid at $ 66.29, with a drop of 1.1%.
In the currency market, the euro dollar advances over the dollar, until 1,1686 units while among Bitcoin cryptocurrencies yields more than 2% this Friday, over $ 118,747, after yesterday marking a new historical maximum, and Ethereum goes back 2.7%, up to 4632 dollars.
Among the bonds, the profitability of the Spanish bonus to ten years at 3,273%, which leaves the risk premium with respect to Germany in the 55.4 basic points while the US bonus to ten years offers a yield of 4,283%