(Il Sole 24 Ore Radiocor) – New York, May 16 – Flat opening on Wall Street, after yesterday’s record closings, with the S&P 500 above 5,300 points for the first time. This was due to the weak monthly increase in consumer prices in April, which slowed down from 3.5% to 3.4% on an annual basis, in line with estimates. Today, however, import prices recorded the largest increase in two years, a sign that much progress is still needed on inflation. In April, import prices in the United States rose 0.9% from the previous month, against expectations for a rise of 0.3%. The March figure was revised from +0.4% to +0.6%. Over the past year, import prices have increased by 1.1%, the largest increase since December 2022. Prices of petroleum products have increased in one month by 2.9%, for a +5.2% year-on-year , prices of non-oil products by 0.7%, the largest increase since March 2022, for an annual +0.9%. After the first minutes of trading, the Dow Jones gained 26.19 points (+0.07%), the S&P 500 rose by 4.27 points (+0.08%), the Nasdaq lost 0.04 points (-0 ,00%). WTI oil on Nymex gains 1.04% to 79.45 dollars a barrel.
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(RADIOCOR) 16-05-24 15:33:28 (0507)NEWS 3 NNNN
