Wall Street closes mixed and the Nasdaq achieves a record, driven by technology companies

Wall Street closed this Thursday in mixed territory, with a great boost from the technology sector despite fear that the Federal Reserve will keep interest rates high for longer.

At the end of the session on the New York Stock Exchange, the 1.68% advance of the Nasdaq index stood out, up to a record of 16,442 points, thanks to strong increases by giants such as Apple (4.3%) and Nvidia (4%).

The S&P 500 gained 0.74%, to 5,199 units, while the Dow Jones fell slightly in the last minute and lost only 0.01%, to 38,459 integers.

Investors took the opportunity to buy stocks after yesterday’s falls, caused by a new rise in inflation that removes the possibility of the US central bank lowering rates soon.

The consumer price index stood at 3.5% in March, worse than expected, and today the producer price index was released, which also rose compared to the previous month, up to 2.1%.

In addition, New York Fed President John Williams today advocated keeping short-term monetary policy unchanged, an opinion already expressed by other members previously.

Despite all that, the 10-year bond yield remained stable at 4.58%.

By sector, technology stood out (2.36%), followed by communications (1.14%), while the most affected was financial (-0.58%).

The decline in the financial sector occurs before the publication, tomorrow, of the quarterly results of some large banks, and after reports of a federal investigation into Morgan Stanley, which fell 5.3%.

Among the 30 listed companies in the Dow Jones, in addition to Apple, Nike (3.4%) and Amazon (1.67%) rose strongly.

Texas oil closed at $85.06 per barrel and, at the close of trading, gold rose to $2.391 per ounce and the euro was trading at $1.0724.