The New York Stock Exchange Friday ended the week higher for the first time in two months, thanks to a reassuring inflation indicator in the US, and ahead of a long Memorial Day weekend on Monday.
The Dow Jones index thus gained 1.76% to 33,212.96, the technological Nasdaq 3.33% to 12,131.13, and the S&P 500 2.47% to 4,158.24 points.
Is about the first weekly rise in eight weeks for the Dow, and in seven weeks for the Nasdaq and S&P 500.
Due to inflation, the war in Ukraine, rising interest rates and recession fears, Wall Street had its worst start to a year since 1970, according to analysts at LPL Financial. Eight consecutive weeks of decline is something that has not been seen since 1923.
but on friday inflation data from the Commerce Department helped.
The sharp rise in prices that has been eroding the purchasing power of North Americans for months moderated in aprilaccording to the inflation index preferred by the Federal Reserve, the PCE, published this Friday.