BCGAME - Free 5BTC Daily Bonus!- Wall Street reacts positively to moderate inflation data
- Bitcoin rises to US$61 in optimistic market environment
- Nvidia and Nasdaq stand out after favorable recommendations
United States stock markets recorded significant gains on Tuesday afternoon, driven by milder-than-expected inflation data and expectations of new information on consumer prices. The S&P 500 index rose more than 1,1%, while the technology-focused Nasdaq Composite jumped approximately 1,8%. The Dow Jones Industrial Average also showed an increase, with an increase of around 0,7%.
This positive sequence marks one of the best three-day periods for the Nasdaq Composite, Nasdaq 100 and S&P 500, which have accumulated four consecutive increases.
In the cryptocurrency market, Bitcoin also demonstrated a robust performance, rising from 59 thousand to 61 thousand dollars, which represents an appreciation of 5% on the day. At the time of publication, the price of BTC was quoted at US$61.039,80, up 4% in the last 24 hours.
The slight increase of 0,1% in US producer prices in July, below market expectations, suggests a tendency for inflation to moderate. This index, year over year, registered an increase of 2,2%, in line with the Federal Reserve's 2% inflation objective.
The release of the Producer Price Index data is a prelude to the data on consumer prices, expected for next Wednesday. Additionally, July retail sales figures, which are a key indicator of U.S. consumer economic health, will be revealed on Thursday.
After a period marked by volatility, Wall Street had a considerably quiet day, with the S&P 500 and Nasdaq gradually recovering from recent declines.
