US shares rise for the second day in a row, with fears of inflation prevailing Business and Economic News

Wall Street seems to be regaining its balance at the end of its biggest 11-week retirement.

US stocks rose and Treasury yields fell for the second day in a row as warmer commodity prices helped alleviate concerns about inflation risks.

Energy and technology stocks led the S&P 500, which fell the most since Wednesday on February. The Nasdaq 100 technology index outperformed the broader index, suggesting that the market’s recovery is gaining strength after the week saw the equities pick up on price pressures. Both indices ended the week in the red. The advance of European stocks was driven by cyclical industries. MSCI Inc.’s Asia-Pacific equity gauge advanced more than 1%.

“People are very optimistic financially,” said Simon Maughan, head of trading for Liquidnet’s alpha. “By the end of the year, the market continues to rise. It’s clear that the feeling is extremely optimistic about the demand. “

Markets appear to be regaining balance at the end of the 11-week biggest pullback, with the focus on the benefits of the economic rebound being a major concern over the negative side effect of inflation.

Federal Reserve policy is in the right place right now, said Cleveland President of the Cleveland Faith Loretta Mester, who said the data signs that warned as the economy reopened will be disastrous.

This may help to reinvigorate the reflection on the acquisition of stocks of stocks related to the economic growth of the favorite pandemic of staying at home. Walt Disney Co. it fell after the results showed that growth in Disney + streaming service was reduced.

The Treasury’s earnings after a report showed that U.S. retail sales had stopped in April after making significant progress last month. The dollar remained weaker against the Group of 10 members.

“The number of retail sales shouldn’t come as a surprise, as money was raised in the last month to hit bank accounts,” said Mike Loewengart, CEO of E * Trade Financial’s investment strategy. “It probably supports the opportunity to buy into the decline we’ve experienced this week, as all sectors are heading for a full-blown recovery.”

Iron ore recorded a fall, in an effort to tackle China’s prices, making the metal the biggest two-day jump since 2019. Oil eliminated the previous decline, matching the weekly loss.

Bitcoin traded above $ 50,000 as a result of Tesla Inc.’s decision to suspend purchases using digital currency.

These are some of the main movements in the markets:

Stocks

• The S&P is up 1.5%, more than gains since March 26 from 4 p.m., New York time
• The Nasdaq has risen 100% 2.2, more than any gain since March 11
• The Dow Jones Industrial Average rose 1.1%
• The MSCI World index rose 1.6%, more than any gain since March 1

Coins

• Bloomberg Dollar Spot Index down 0.3% on more than any loss since May 7
• The euro rose 0.5% to $ 1.2143
• The British pound rose 0.3% to $ 1.4098
• The Japanese yen rose 0.1% to 109.35 per dollar

Vouchers

• 10-year Treasury yields fell three percentage points to 1.63%
• Germany’s 10-year performance has dropped one basis point more than any loss since May 4
• Britain’s 10-year performance has dropped four percentage points more than any loss since closing on May 4

Goods

• West Texas crude rose 2.4%, the most since May 4
• Gold futures rose 1% to $ 1,843 an ounce