Wall Street turns green after high inflation data in the United States

The main indices of the US stock market trade with gains this Thursday. wall street rises after the publication of a report on March inflation in the United States, which showed that consumer prices rose sharply, but in line with analyst estimates.

The index nasdaq, of high technological weight, leads the advances with a movement of 1.44%, which takes it to a level of 13,604.84 units. The reference index S&P 500, which brings together the 500 strongest stations, gains 0.86% to 4,450.50 units. The dow jonesof 30 industrial giants, is up 0.49% at 34,477.71.

US stocks opened higher after March’s year-on-year inflation was reported to be the highest in 40 years, but it was in line with expectations. As Treasury yields fell, stocks rallied, led by tech firms.

Prices rose 8.5% year-on-year in March in the United States, compared to 7.9% in February, according to the Labor Department’s Consumer Price Index. This is his first report covering the impact of the war in Ukraine and Western sanctions on Russia for its actions in that country.

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