Climbing on Wall Street | Finansavisen

Climbing on Wall Street |  Finansavisen

The three leading indices on Wall Street ended the day on a positive note.

Figures released by the US authorities show that the consumer price index in the US rose 0.4 per cent from January to February. From February last year, prices rose 6.0 percent. The core inflation rate (consumer price index excluding food and energy prices) was 0.5 percent on a monthly basis and 5.5 percent on an annual basis.

– I expected a more negative reaction of the market as the monthly growth was slightly higher than expected, Eric Bross, chief strategist at Nordea, tells Finansavisen.

According to Trading Economics, the consensus indicated headline inflation of 6.0% and 5.5% core inflation year-on-year.

This is how it went with the leading indices on Wall Street:

  • The Dow Jones index rose 0.09 percent to 31,847.98 points.
  • The Standard & Poor’s 500 index rose 0.60 percent to 3,879.05 points.
  • The Nasdaq index rose 2.14 percent to 11,428.15 points.

fixThe index, which shows the expected volatility of the S&P 500 over the next 30 days, fell 7.65 percent to 25.26.

oil

The price of a barrel of North Sea oil Brent It fell 3.87 percent to $77.58 a barrel. West Texas Intermediate– Oil fell 4.37 percent to $71.52 a barrel.

stock

There was a good mood among the tech giants of Wall Street, Facebook, Amazon, Apple, Netflix and Alphabet (Google’s parent company), also known as FAANG stock:

  • Facebook rose 7.18 percent to 193.89.
  • Amazon shares rose 2.50 percent to 94.74 points
  • Apple shares rose 1.26 percent to 148.50.
  • Netflix shares rose 0.42 percent to 294.73 points.
  • Alphabet shares rose 2.75 percent to 94.18.
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encryption

Several major cryptocurrencies have gained a boost in recent days, and bitcoin is up more than 30 percent in just four days.

It may seem that the cryptocurrency has escaped the turmoil that has characterized large parts of the market after the collapse of specialist bank SVB and cryptocurrency Signature Bank over the weekend.

New York financial authorities came out saying the decision to close the signature bank had “nothing to do with crypto” and cited management issues.

  • Bitcoin rose 2.81 percent to 25,053.18
  • Ethereum shares rose 2.32 percent to 1,722.00 points
Dalila Awolowo

Dalila Awolowo

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