Wall Street posts new gains after declines caused by inflation fears.

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source: nytimes.com

Wall Street posts new gains after declines caused by inflation fears.

Wall Street returned to register gains this Thursday, after four days of losses caused by the fear of the rebound in inflation.

The New York stock market rebounded driven by the technology sector, which had been one of the most affected.

Wall Street returned to register gains this Thursday, after four days of losses caused by the fear of the rebound in inflation.

At 16:00 GMT, the Dow Jones, the main indicator of the New York Stock Exchange, advanced 0.73%, and the Nasdaq, on which the main technology companies are listed, advanced 1.54%. While the S&P 500 gained 1%.

The New York stock market rebounded after four consecutive days of losses, driven by the technology sector, which has been one of the most affected.

That sector was up 0.78%, followed by the communications (0.62%) and non - essential goods (0.57%). Only companies descended energy (-0.94%) and financial (-0 , 22%).

Wall Street fell yesterday for fear of the rise in inflation but calmed down when reading the minutes of the last meeting of the Federal Reserve, which revealed that the central bank is proposing a plan to adjust its rhythm of asset purchases.

This Thursday, investors reacted with good spirits to labor market data that reflects the economic recovery after the crisis caused by the pandemic in the United States.

The number of applications for unemployment benefits fell last week to 444,000, below the previous data and the estimates of the analysts.

Among the 30 listed on the Dow Jones, the highest gains were for Salesforce (1.31%), Microsoft (1.01%), and Apple (0.86%).

Cisco led losses in that group (-2.69%) in reaction to worse-than-expected quarterly results, followed by Walgreens (-1.37%) and Caterpillar (-1.05%).

Virgin Galactic soared 16% after announcing that its next test of a flight into space will be this Saturday.

Market criptomonedas dated back after heavy losses yesterday, with the Bitcoin recovering the level of $ 41,000.

In other markets, Texas oil was down to $ 62.89 a barrel; the 10-year Treasury yield was down to 1.649%; gold fell to 1,872.40 dollars an ounce, and the dollar lost ground against the euro with a change of 1.2211.