Wall Street closed green despite annual inflation data in the United States.

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source: www.dailyadvent.com

Wall Street closed green despite annual inflation data in the United States.

The Dow Jones Industrials rose 0.11%, the selective S&P 500 rose 0.28%, and the Nasdaq rose 1.23%.

Wall Street closed in green this Wednesday. The Dow Jones Industrials' leading indicator rose 0.11% despite the highest inflation data in 40 years in the US.

According to data at the end of the New York Stock Exchange session, the Dow Jones added 38.30 units to 36,290.32; and the selective S&P 500 rose 0.28% or 13.28 points 4,726.35.

The Nasdaq, which brings together the most important technology companies, rose 1.23% or 34.94 integers to 15,188.39.

The year-on-year inflation rate in the United States rose to 7% in December, two tenths above November and the highest figure recorded since 1982.

According to analysts, the New York stock market reacted by buying shares since the figure was in line with estimates and future measures by the Federal Reserve are taken for granted.

The market already rose on Tuesday after Federal Reserve Chairman Jerome Powell calmed fears of a faster-than-anticipated withdrawal of stimulus.

In other markets, Texas oil rose to $ 82.64 a barrel, and at the close of the session, gold amounted to $ 1,827 an ounce, and the dollar weakened against the euro, with a change of 1.1446.

Powell said that the US economy is strong but assured that the central bank would prioritize the fight against inflation and raise interest rates as many times as necessary this year.

After the rise in recent days, the yield on the 10-year Treasury bond stood at 1.738%.

Investors are on the lookout for the banking earnings season that begins Friday and will show how rising US consumer prices have weakened.

By sectors, earnings predominated, led by essential materials companies (0.96%), non-essential goods (0.64%), and technology (0.44%). Only the health sector ended in the red (-0.26%).

Among the 30 listed companies of the Dow Jones, the increases of Salesforce (1.27%), Nike (1.26%), Caterpillar (1.11%), and Microsoft (1.04%) stood out.

In contrast, the most affected were Goldman Sachs (-3.15%), Johnson & Johnson (-0.79%), and Walgreens (-0.77%).

In other markets, Texas oil rose to $ 82.64 a barrel, and at the close of the session, gold amounted to $ 1,827 an ounce, and the dollar weakened against the euro, with a change of 1.1446.