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© Reuters.
Investing.com – Although US equities saw a slight rise in cautious trading on Monday, this was enough to push the S & P 500 to record new record highs, surpassing the previous record of last September.
A rise in consumer spending, while inflation remained under control, reinforced the bullish sentiment of equities.
At 9:59 (ET) (13:59 GMT), the 3 points advanced, or 0.1%, to 2,942.74 points, which is close to the record high of 2,945.95 points recorded in the day . At the same time, the situation changed little, at 26,543.53 points, while the slight advance of 6 points, or 0.1%, to 8,152.27 points.
On the economic front, government data released Monday provided a strong picture of the US consumer, responsible for two-thirds of US economic activity. increased by 0.9% in March, its largest increase exceeding nine and a half years.
At the same time, inflation data released Monday left unanswered expectations that the Federal Reserve will not change interest rates this week.
The Fed's preferred inflation indicator, generally regarded as such, slowed to 1.6% in March, its lowest annual gain in 14 months.
Moderate inflation has been a key factor in supporting the Fed's decision to stop thinking about increased political tightening this year. The markets continue to go even further, considering the possibility of a reduction in rates by the end of the year.
The fact that the first quarter earnings season was more optimistic than expected also contributed to the rise in stocks.
What will be a busy week of profits – with more than 150 S & P 500 companies reporting – started slowly on Monday. Although Spotify (NYSE 🙂 has published one, a lost turnover and the fact that its shares sent are higher.
On the downside, Restaurant Brands International (NYSE 🙂 saw its shares fall after its results fell short of consensus. While sales by Burger King and Popeyes Louisiana Kitchen exceeded expectations, comparable sales at Tim Hortons stores dropped unexpectedly, resulting in lower earnings.
Google Alphabet (NASDAQ 🙂 will be the star of Monday's gains after the close. "The escalating costs of the company creates a major problem that could put pressure on its shares after the first quarter report," the Investing.com analyst warned in an overview of the results.
Excluding stocks, the, which measures the greenback against six rival currencies, rose 0.1% to 97.81 at 10:03 (14:03 GMT), while the increase rose 2.5 basis points to 2 , 53%.
In commodities, it fell $ 7.65 or 0.6%, to $ 1,281.15 per troy ounce, while it was trading down 22 cents, or 0.3% to 63.09 dollars a barrel.
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