The Dow Jones index closed at 0.06% to settle at 34466.24 points. Its all-time high was reached on May 10, when it touched 35,091.56 points.
The Standard & Poor’s 500 Index rose 0.47% to 4,239.18 points, which is a record closing high. During the session, it recorded an all-time high of 4,249.74 points.
On the other hand, the Nasdaq Technology Index rose 0.78% to settle at 14,023.33 points.
Technology was among the best performers today, showing that investors continue to bet on sectors that have proven reliable during the COVID-19 pandemic.
Investors focused on the May CPI data in the US, which was released shortly after the opening and showed a higher-than-expected increase. The CPI rose 0.6% in May, after rising 0.8% in April – which was the biggest jump since June 2009.
Although fears of persistent inflation remain, this increase also indicates that the Federal Reserve will not cut stimulus this year, revitalizing negotiations, as market players prefer to focus on this scenario.
On the other hand, the number of Americans filing unemployment benefits last week for the first time fell to the lowest level in nearly 15 months.
“Recent US labor market data is a positive sign that the recovery is accelerating in the country,” Rystad Energy analyst Louise Dixon told Reuters.
Investors are looking forward to the upcoming Federal Reserve meeting on June 15-16, awaiting more clues about its monetary policy.
GameStop dive 27%
On the downside, in today’s session, GameStop was highlighted, which dropped 27.16% at the close – the biggest daily loss since March 24 – to $220.39.
Yesterday, after Wall Street closed, the North American video game retailer fell into “after hours” from the New York Stock Exchange after several floods of news, some of which were not well received by investors.
Shortly after the markets closed, GameStop announced that Matt Furlong and Mike Ricupero, formerly of Amazon, will be the company’s new CEO and CFO, respectively.
Last April 18, when the company announced that its chief executive, George Sherman, would be leaving on July 31 — or sooner, if a successor was found sooner — shares surged. And it wasn’t this news yesterday, with the names of the new CEO and CFO, that shook his trading in After Hours and in session all day Thursday.
GameStop also reported, with the exchange closed, that its accounts for the first quarter, an increase of 25% in revenue, to $1.28 billion – beating market expectations that indicated $17 billion.
The net result was negative, as the company disclosed an adjusted loss of 45 cents per share.
The company did not provide any “guidance” for the rest of the year, much to the chagrin of market players. In addition, he announced that he intends to sell bonds: he wants to put up to five million shares on the market.
Moreover, it was also reported to the Securities and Exchange Commission [SEC – autoridade reguladora do mercado de capitais nos EUA, correspondente à CMVM em Portugal] He investigates the business of the company.
GameStop has received a request from the Securities and Exchange Commission (SEC) to voluntarily provide documentation and information related to an investigation of its trading activity in its own securities and those of other companies.