New York (AFP)

The expanded index of the New York Stock Exchange, the S&P 500, rose again Friday morning after hitting a record the day before despite higher US inflation than expected.

Around 2:10 p.m. GMT, the S&P 500 gained 0.11% to 4,243.93 points.

The Dow Jones Industrial Average gleaned 0.08% to 34,495.32 points and the Nasdaq, with strong technological coloring, rose 0.21% to 14,049.46 points.

Thursday, the New York Stock Exchange had finished in the green despite an increase in consumer prices of + 0.6% in the United States in May, higher than expectations (+ 0.4%).

A too rapid rise sometimes tends to frighten investors, who fear that the American Central Bank (Fed) will take measures to slow it down.

But "a little inflation is often a good thing, because it shows strong trends in the economy," notes JJ Kinahan of TD Ameritrade.

“As analysts have indicated, there is a strong underlying demand for areas such as travel, outdoor activities, casinos, cruises and hotels,” he continues.

"If the consequence is that prices have to go up, that's not necessarily bad."

In addition, the Fed repeats over and over that inflation is temporary and ensures that it does not plan to tighten its currently very accommodative monetary policy, recalls Mr. Kinahan.

A message that reassures the market.

Market players were also following the start of the summit of the major powers of the G7 (Germany, France, Italy, United Kingdom, Canada, Japan and United States) on Friday in Cornwall, in the south-west of England.

The leaders must in particular discuss the recovery of a global economy hit by the pandemic and the more equitable sharing of anti-Covid vaccines by rich countries.

Among the values ​​of the day, several titles very popular with Internet stock marketers, including the video game retailer GameStop (+ 5.38%) and the chain of cinemas AMC (+ 1.43%) regained momentum after dropping the Eve.

Tesla was down 1.00%.

The manufacturer of electric vehicles presented Thursday evening from its Californian factory the first examples of the new luxury version, faster, of its sedan Model S, called "Plaid", sold at 129,999 dollars.

Royal Caribbean fell 1.34%.

Two individuals tested positive for Covid-19 on Thursday aboard its Celebrity Millennium, one of the first cruise ships to sail in North America since the start of the pandemic

McDonald's took 1.09%.

The American fast-food giant claimed to have been the victim of a security breach that resulted in the exposure of private data of customers in South Korea and Taiwan, but ensured that the payment information of its customers was missing. not been stolen.

In the bond market, the 10-year rate on US Treasuries stood at 1.46%, down slightly from Thursday night.

© 2021 AFP