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The three main indices of Wall Street made progress in negotiations on Friday. Investors were less fearful of inflation and interest rate hikes after the release of data on the personal consumption.
The main index Dow Jonesmade up of the shares of 30 industrial giants, moved 0.53% to 33,203.93 points, while the reference S&P 500 of 500 values rose 0.59% to 3,844.82 units and the Nasdaq gained 0.21% to 10,497.86 units.
A Commerce Department report showed that US consumer spending rose barely in November and inflation cooled further, though not enough to deter the Federal Reserve from raising its rate further.
Lower fears of the possibility of a recession in the United States in 2023 were added to a rise in energy stocks on higher oil prices, after indices fell yesterday on signs of strength in the largest economy.
In the weekly accumulated index performance was mixed. The Nasdaq registered a loss of 1.94% and the S&P 500 fell 0.20%, linking three weeks in the red. The Dow Jones rose a slight 0.70 percent for the week.
jose.rivera@eleconomista.mx
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