PARIS (Reuters) – American stock markets opened higher on Wall Street on Thursday, after employment and inflation indicators reassured investors.
In early trading, the Dow Jones index gained 71.96 points, or 0.20% to 39,020.98 points and the broader Standard & Poor’s 500 rose 0.42% to 5,091.10 points. The Nasdaq Composite takes 0.70% or 111.60 points, to 16,059.34.
The PCE inflation gauge for January, the most anticipated release of the week, was in line with projections.
Year-on-year, PCE inflation increased by 2.4%, its smallest increase since February 2021, and after increasing by 2.6% in December. [L6N3FE0EN]
Furthermore, new jobless claims were higher than expected last week, while the resistance of the labor markets in the United States remains the main factor in inflation.
These elements reinforce the dominant scenario on the markets of a rate cut by the Federal Reserve from June.
In terms of values, HP fell by 2.33%, after missing Wall Street estimates for its first quarter turnover on Wednesday due to sluggish demand in the personal computer market.
Salesforce declines 0.7% as the company forecasts fiscal 2025 revenue below market expectations as it expects low customer spending on its cloud computing products ” and professionals.
(Written by Corentin Chappron, edited by Sophie Louet)
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