PARIS (Reuters) – The New York Stock Exchange opened in dispersed order Tuesday after the publication of an inflation indicator in the United States lower than expectations which does not call into question the prospect of a drop in guiding rates of the American Federal Reserve (FED) by the end of the year.
In the first exchanges, the Dow Jones index loses 153.17 points, or 0.36%, at 42,256.93 points.
Standard & Poor’s 500, larger, increased by 4.45 points, or 0.08%, to 5,848.64 points.
The Nasdaq Composite takes 51.33 points, or 0.27%, at 18,759.68 points.
One hour before the opening of Wall Street, the Labor Department indicated that consumer prices (ICC) in the United States had rebounded in April 0.2% over a month and 2.3% over one year, figures below the forecasts of economists who tabbed respectively on +0.2% and +2.4%. The “CORE CPI” index, said basic, has also progressed less than expected.
“In terms of inflation anticipations and monetary policy, we are roughly at the same point as before the publication of the report,” comments Jordan Rizzuto, director of investments at Gammaroad Capital Partners.
“We expect the Fed to continue to be in a wait-and-see position until we observe a new materialization of pressures on prices that could result from new commercial policies,” he added.
The traders, for their part, now bet that the Fed will start to reduce its loan costs by September. They await two decreases of 25 base points by the end of the year.
Several Fed officials must also speak this week, an intervention by the president of the institution, Jerome Powell, being expected on Thursday.
On the monetary and bond market, the dollar fell by almost 0.40% against a basket of reference currencies, while the yields of Treasuries to two years sells almost three base points, to 3.973%.
At the values, United (-12.50%) is allocated by the announcement of the surprise departure of its director general, Andrew Witty, and the suspension by health insurance of his annual forecasts.
Nvidia, and Amazon take more than 2%, in the wake of other growth values, the day after a strong increase in the composite NASDAQ index linked to the conclusion of a provisional agreement between China and the United States on customs duties.
The cryptoactive operator Coinbase Global, which will integrate the S&P 500 on May 19, jumped 15.17%.
(Written by Claude Chendjou, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
