As he S&P 500 As the Nasdaq reached all-time closing highs after a rough Thursday as investors focused on positive results from retailers and tech companies, overshadowing comments from a company official. Federal Reserve (Fed) on inflation.
The Dow Jones continued to lag behind, posting its third decline this week, as a decline of Cisco Systems Inc weighed on the benchmark.
The Promedio Industrial Dow Jones fell 60.10 points, or 0.17%, to 35,870.95 units, while the S&P 500 it gained 15.87 points, or 0.34%, to 4,704.54. The Nasdaq Composite added 72.14 points, or 0.45%, to 15,993.71 units.
Inflation continues to be in the focus of investors’ attention. Stock markets initially fell after Federal Reserve Bank of New York chairman John Williams said inflation is spreading and expectations of future price increases are growing.
However, both the S&P As the Nasdaq had later rebounded, with the latter supported by Nvidia . The chipmaker soared after beating quarterly estimates and forecasting strong revenue in the fourth quarter.
The performance helped the Philadelphia Semiconductor Index hit a new all-time high, before it also eased a bit.
The luxury consumer sector of the S&P It led earnings among its peers as positive results from Macy “s and Kohl” s retailers added to upbeat reports from Walmart Inc and Target Corp earlier this week.
The retail index S&P 500 It has broken its intraday record in all sessions this week, as investors viewed the results as a sign of robust consumer demand.
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Reference-www.eleconomista.com.mx