The New York Stock Exchange opens higher; Nasdaq and S&P 500 reach new records

NEW YORK, New York.- Wall Street opened on Friday in positive territory, with two of its key indicators, the Nasdaq and the S&P 500 , reaching new records despite trade and geopolitical instability due to the various conflicts in the Middle East.

Ten minutes after the bell rang, the The Dow Jones rose 0.47% to 43,590 points; Nasdaq advanced 0.3% to 20,228 points, and the The S&P 500 rose 0.29% to 6,158 points.

On the trade front, these records were driven by hopes that trade agreements with China and other countries would soon be signed.

In this regard, US Secretary of Commerce Howard Lutnick said the White House has "imminent" plans to reach an agreement with a group of ten major trading partners, without specifying which ones, according to Bloomberg .

Regarding geopolitics, investors continued buying stocks despite rising oil prices due to the conflict between Israel and Iran . At this time, the price of Texas oil (VTI) was up 0.8% to $65.76 a barrel.

Meanwhile, the U.S. personal consumption expenditures (PCE) price index was also released this morning. It closed May with a year-over-year increase of 2.3%, a two-tenths increase compared to the 2.1% increase in April, according to the Bureau of Economic Statistics (BEA).

The new indicator returns to the same level as that reported in March and is in line with analysts' expectations, who estimate that economic indicators are just beginning to reflect the effects of the tariffs announced by President Donald Trump. Monthly, prices grew by just 0.1%.

This is a key factor for the Federal Reserve (Fed) in its decisions on whether or not to lower interest rates . Its chairman, Jerome Powell , told Congress this week that they will remain cautious in their announcements until they have more data on the economy.

This comment thus appears to rule out a change in rates after the next Federal Open Market Committee (FOMC) meeting, scheduled for July 29-30.

Among the 30 Dow Jones industrials, JPMorgan (-0.75%) and Cisco Systems (-0.36%) were the most notable losers, while Nike (-15.62%) saw gains after quarterly profits and sales exceeded investor expectations; Boeing (-2.24%) and Amazon (-1.38%).

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