The Dow Jones lost 0.90%, the Nasdaq index fell 0.70% and the broader S&P 500 index fell 0.73%.

It was the ninth session of decline for the S&P 500 in 11 sessions.

The indices had a bad start to the session, weighed down by the publication of the PPI producer price index, which rose by 0.3% over one month, more than the 0.2% forecast by economists.

Over one year, inflation is at 7.4%, more than the 7.2% expected but significantly less than the 8.1% observed in October, also over one year.

However, "this should not change the trajectory of the Fed (US central bank) next week", with an expected rate hike of half a point on Wednesday, commented Bill Northey, of US Bank Wealth. Management.

Wall Street then turned around after the publication of the University of Michigan's monthly survey of American consumer sentiment.

For Edward Moya, of Oanda, investors have mainly paid attention to inflation expectations in the short term (one year), at their lowest in 15 months, at 4.6%, which may encourage the Fed to decelerate its monetary tightening. .

But the general impression remains that while inflation is calming down, it is doing so slowly.

As a result, even if the pace of tightening could slow, the market is convinced that the Fed "will have to continue raising its key rate" in 2023, according to Bill Northey, which is unfavorable for the equity markets.

Witness, the yield of US government bonds to 10 years has tightened to 3.58%, against 3.48% Thursday.

Investors now favor the scenario of a key rate above 5% next June, at its peak.

On the side, Tesla offered itself a rebound (+ 3.23% to 179.05 dollars), which allowed its boss Elon Musk, to once again become the richest man in the world, according to the real-time ranking established by the site of Forbes magazine, with 188.7 billion dollars.

Netflix (+3.14% to 320.01 dollars) benefited from an increase in recommendation from Wells Fargo analysts, who expect a good 2023 vintage, thanks in particular to the rise in power of advertising.

In the general context of caution that weighed on Wall Street on Friday, speculative stocks like GameStop (-8.71%) or AMC (-6.65%) struggled.

The semiconductor manufacturer Broadcom reported (+ 2.57% to 544.72 dollars) after the publication of results above expectations on Thursday, and forecasts also above expectations for the current quarter, due to continued strong demand in remote computing (cloud).

The sports equipment manufacturer Lululemon (-12.85% to 326.39 dollars), popularized thanks to its yoga pants, was sanctioned, despite the publication of a turnover and a net profit above expectations.

Investors were offended by the group's forecasts for the fourth quarter, considered cautious.

Chinese industrial fishing company Pingtan Marine Enterprise, listed on the Nasdaq, has been suspended from trading after the US Treasury announced sanctions against the group, accused of illegal fishing.

The US assets of Pingtan and his boss, Xinrong Zhuo, have been frozen.

This is the first time that a Nasdaq-listed company has been subject to Treasury sanctions.

© 2022 AFP