As he S&P 500 like the Nasdaq they reached all-time highs closing after a hectic Thursday as investors focused on the positive results of retailers and technology companies, which They overshadowed comments from a Federal Reserve official on inflation.
The Dow Jones he kept lagging behind, registering his third fall this weekas a decline from Cisco Systems Inc weighed on the benchmark.
The inflation it continues to be in the spotlight of investors. Stock markets initially fell after the chairman of the Federal Reserve Bank of New York, John williams, said inflation is spreading and expectations of future price increases are growing.
However, both the S&P and Nasdaq had rebounded later, with the latter supported by Nvidia . The chipmaker soared after beating quarterly estimates and forecasting strong revenue in the fourth quarter.
The performance contributed to the index of semiconductors Philadelphia hit a new all-time high, before it gave way a bit too.
The sector luxury consumption The S&P led earnings among its peers, as positive results from the S&P retailers Macy’s and Kohl’s joined optimistic reports from Walmart Inc and Target Corp earlier this week.
The retail index S&P 500 has broken its intraday record in all sessions this week, as investors viewed the results as a sign of robust consumer demand.
The Industrial Average Dow Jones fell 59.71 points, or 0.17%, to 35,871.34 units, while the S&P 500 it gained 15.9 points, or 0.34%, to 4,704.57. The Nasdaq Composite added 72.14 points, or 0.45%, to 15,993.71 units.
(With information from Reuters)
Alibaba’s profits fell 81% after the Chinese regime’s onslaught against big tech