April 10 (Reuters) – The New York Stock Exchange opened in a mixed fashion on Friday, with investors assessing March inflation figures while closely monitoring events in the Middle East.
In early trading, the Dow Jones index lost 5.30 points, or 0.01% to 48,180.50 points and the broader Standard & Poor’s 500 rose 0.24% to 6,840.84 points.
The Nasdaq Composite gained 0.41%, or 92.56 points, to 22,914.98 points.
Operators remain attentive to the ceasefire developments in the Middle East, where fragilities prompt caution and make the markets extremely volatile.
Pakistan is set to host delegations from Iran and the United States on Friday for peace talks, 42 days after the start of a conflict that triggered a surge in oil prices and revived inflation fears.
“Investors may spend an anxious weekend, waiting for indications on whether a lasting peace is possible,” said Dan Coatsworth, market strategist at AJ Bell.
Consumer prices in the United States saw a sharp acceleration in March, in line with expectations given the impact of the war on energy prices.
Operators continue to bet that the Federal Reserve will keep its interest rates unchanged this year, as they expected two rate cuts before the conflict started.
“Inflation remains stubborn – and this, at best, assumes that the surge in energy prices will prove to be a temporary hurdle rather than a lasting adjustment,” said Bret Kenwell, an American investment analyst at eToro.
Mary Daly, President of the Federal Reserve Bank of San Francisco, said in an interview with Reuters that the oil shock caused by the war in Iran should delay the moment when inflation reaches the 2% target.
CoreWeave shares rose 2.4% on Friday after announcing an agreement with Anthropic to provide cloud computing capabilities to the AI startup.
TSMC’s New York-listed stock gained 2.3%, the world’s largest contract chipmaker reporting a 35% increase in revenue in the first quarter.
* For more stocks to follow, click on. (Reporting by Diana Mandi, edited by Augustin Turpin)
