Wall Street stopped the fall of the last two days and closed with rise on Wednesday driven by data that suggested that inflation is in the right direction.
US actions braked two days of strong falls on Wednesday when positive inflation data propelled profits still limited by the tariff war of multiple fronts of the president of the United States, Donald Trump.
The S&P 500 averages and the Nasdaq closed in positive territory, the latter with a strong impulse of technological values and others related, while the Dow Jones ranged between red and green for much of the session to end with a slight fall.
The Consumer Price Index of the Labor Department cooled more than analysts expected, which reaffirms that inflation is in the right direction and keeps hope that the United States Federal Reserve can cut its key interest rate this year.
To its last tariff, Trump imposed 25 % tariffs on imported steel and aluminum, which caused Canada and Europe to respond in the same way, increasing their retaliation tariffs on US exports.
The US Variable Income has been pressed by tariff disputes between the United States and its commercial partners, which has shaken investors and has aroused fear that the resulting price shakes can take to the United States, together with Canada and Mexico, to a recession.
On Monday, the S&P 500 fell below its 200 -day mobile average, considered an important support level, for the first time since November 2023.
On March 6, the Nasdaq, of great technological weight, fell more than 10 % below its historical closing maximum reached on December 16, confirming that it has been in correction since then.
According to preliminary data on Wednesday, the S&P 500 won 26.21 points, or 0.47 %, to end at 5,598.28 points, while Nasdaq Composite rose 210.80 points, or 1.21 %, to 17,646.89. The Dow Jones industrial index fell 88.27 points, 0.21 %, to 41,345.21 units.