(News Bulletin 247) – The New York Stock Exchange ended Monday’s session with modest gains overall, erasing a small part of the heavy losses suffered last week, due to inflation figures that came out well below. above expectations.

At the close, the Dow Jones recovered 0.2% to 32,889 points and the S&P 500 gained 0.3% to 3,982 points, while the Nasdaq Composite recovered 0.6% to 11,467 points.

Wall Street was emerging from a week of high volatility, during which the three indices had all suffered losses of around 3%, their biggest weekly drop since the start of the year.

Some strategists believed that the market had entered a phase of consolidation justified by the ‘overbought’ nature of equities and by technical indicators which had become very tense.

‘The S&P 500 remains above its 200-day moving average, but a depression of this threshold would see the index quickly rally to the area of ​​3850-3900 points, or even the level of 3800 points’, warned a trader.

But Monday’s rebound suggested that marketers continued to view any pullback as an opportunity to gain strength and not miss the eventual upside train.

The only statistic of the day was not as bad as it first appeared: while US durable goods orders fell 4.5% in January, they rose 0.7% excluding a plunge of 13.3% transport equipment, very volatile sector.

In the news of the values, Pfizer lost 2.3%, against the backdrop of a WSJ article according to which the pharmaceutical group would be in negotiations for the acquisition of Seagen for an amount estimated at more than 30 billion dollars.

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