Wall Street closes mixed with the S&P 500 in its fourth consecutive day of records

Wall Street closed this Thursday in mixed territory with the selective S&P 500 rising 0.23%, to 5,433 units, and registering its fourth consecutive day of records as investors consider that inflationary pressures could be subsiding in the United States.

For its part, the Dow Jones Industrial Average, its main indicator, fell 0.17%, to 38,647 points, and the technological Nasdaq grew 0.34%, to 17,667 points.

The advance of the S&P 500, which closed at 5,421 units on Wednesday, is driven by the latest data from the Federal Reserve (Fed) and by the Consumer Price Index (CPI), which show signs of cooling inflation and seem to have encouraged operators.

The Fed announced on Wednesday its decision to maintain interest rates at their current range of 5.25 to 5.5%, but predicting only one possible cut in 2024, compared to the three it anticipated in March.

In addition, the United States Consumer Price Index (CPI) fell one tenth in May compared to April, to 3.3%.

Regarding the sectors, this Thursday the losses were predominant led by the communications sector (-0.98%) and the energy sector (-0.89%); with technology (1.36%) and real estate (0.49%), among those that grew the most.

Among the top 30 Dow Jones listed companies, JPMorgan Chase (1.11%) and Home Depot (1.09%) were the ones that progressed the best, while Salesforce (-2.87%) and Amazon (-1.64% ) are the ones that regressed the most.

Out of this selection, the semiconductor technology company Broadcom has been taking advantage of the boom in artificial intelligence and its derivative products in recent days, and today its shares rose approximately 12.3%.

For its part, the American video game chain GameStop, known on Wall Street for the volatility of its ‘meme stocks’, closed this Thursday with an advance of 14.4% in its assets on a day in which its virtual meeting of shareholders was interrupted by a computer problem caused by high user demand

More timid was Tesla’s growth, which concluded with an increase of 2.92%, on the day of its shareholders meeting and when its CEO, Elon Musk, anticipated that the controversial economic compensation package in its favor worth about 50,000 million dollars will be guaranteed.

In other markets, Texas crude oil rebounded to $78.62 a barrel; The yield on the 10-year Treasury bond fell to 4.248%, gold fell to $2,319 per ounce and the dollar depreciated against the euro, with an exchange rate of 1.0739.