Wall Street posts profit on a rebound after yesterday's sell-off.

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source: wsj.com

The New York Stock Exchange seemed to take advantage of it to buy shares at a cheaper price, especially technological ones, after the falls caused by the April inflation data in the United States.

Wall Street posted gains this Thursday, and its main indicator, the Dow Jones Industrials, rose 1.3% in a rebound from the sell-off the day before, caused by fears of a stronger and faster rise in inflation than expected in the USA.

At 15:30 GMT, the Dow Jones was up 1.3%; the selective S&P 500 rose by 1.21%.

The composite index of the Nasdaq market, which brings together the most important technology companies and which took the biggest hit yesterday, this morning gained a remarkable 0.87%.

The New York Stock Exchange seemed to take advantage of it to buy shares at a cheaper price, especially technological ones, after the falls caused by the April inflation data in the US.

The consumer price index rose 0.8% in April, and year-on-year inflation stood at 4.2%, the highest recorded since 2008, raising concerns about inflation taking off and the possible withdrawal of monetary stimuli.

Investors on Thursday seemed to ignore another data that points to inflation, the producer price index, which in April rose 0.6% month-on-month and 6.2% year-on-year, its largest increase since 2010.

By sectors, the highest profit was for technology companies (1.49%), non-essential goods (1.2%), and communications (0.77%), among them the "Big Tech," which yesterday was the most harmed.

Among the 30 listed on the Dow Jones, the rises by Apple (2.24%) and Microsoft (1.56%) stood out, along with others such as Boeing (2.02%), Salesforce (1.72%), and Cisco (1.34%).

Less than a third operated in the red, led by Chevron (-0.73%), coinciding with moderate losses in the energy sector (-0.69%).

As for cryptocurrencies, bitcoin was around $ 50,400 after a statement by Tesla founder Elon Musk that the US manufacturer of electric vehicles will stop accepting payments with this cryptocurrency due to its environmental impact.

Texas oil fell to $ 64.44 a barrel in other markets, the yield on the 10-year Treasury bond fell to 1.681%, gold fell to $ 1,821.80 an ounce, and the dollar lost ground against the euro with a change of 1.2081.