The US actions obtained on Thursday when investors weigh the soft inflation data and the growing expectations of a federal reserve rates, with strong technological gains that help compensate for commercial uncertainty and specific losses in the sector.
The S&P 500 increased 0.38% to close by 6,045,26, led by a rally in technological actions of great capitalization. The reference index is now less than 2% below its historical maximum. The Nasdaq compound added 0.24%, while the Dow Jones industrial average rose 101.85 points, or 0.24%, to 42,967.62.
Oracle was the outstanding interpreter of the day, arising 13% after informing quarterly results better than expected and projecting more than 70% growth in revenue from cloud infrastructure next year, driven by the increase in the demand for AI.
The strong report raised the broader technological sector and helped boost market profits.
The rally came despite 4.8% drop In Boeing, the actions, which weighed in the Dow after one of its 787 Dreamliners crashed into India. Even so, the feeling of investors remained in the midst of treasure yields and the softest economic data that aimed at the possible flexibility of the Fed policy.
Rate cutting expectations increase
The expectations for a rate cut at the end of this year have grown as investors interpret the weakest inflation and labor data as giving the Fed more space to relieve without entertaining price pressures.
The May producer price index increased only 0.1%, below expectations, while unemployment claims showed signs of softening of the labor market. The data, combined with a strong demand at a treasure auction, sent lower yields, with the 10 -year note that is submerged below 4.4%.
Commercial tensions remained focused as president Trump reiterated He plans to send fees warning letters to dozens of countries, although he pointed out progress with China and other key partners. Despite continuous uncertainty, investors seem cautiously optimistic.