US stock indices resume their upward trend, with the Nasdaq leading with a +1.2% gain in yesterday's session
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The major U.S. stock indices posted broad gains in the first trading session of the week. The Nasdaq led the way with a 1.2% gain, followed by the S&P 500 with a 1.0% rise, and the Dow Jones with a 0.6% increase. With these results, year-to-date, the Nasdaq has accumulated a decline of -0.3%, while the S&P 500 and the Dow Jones show gains of +0.6% and +0.3%, respectively.
In the United States, March wholesale inflation came in below estimates in most cases. Specifically, it rose 0.5% month-over-month and 4.0% year-over-year, with the latter accelerating from February due to rising energy prices. Meanwhile, the measure excluding food and energy (core) rose +0.1% month-over-month and +3.8% year-over-year, both lower than the previous month.
Meanwhile, U.S. Treasury yields narrowed slightly across the entire yield curve at the close of trading yesterday. The yield on the 1-year bond stood at 3.67%, down from 3.68%, while the 3-year yield fell to 3.79% from 3.82%. Meanwhile, the 10-year yield ended at 4.29%, down from 4.32% on Friday.
With the start of the first-quarter corporate earnings season, JP Morgan, Goldman Sachs, Citigroup, BlackRock, and Johnson & Johnson reported earnings per share (EPS) and revenue above analysts’ consensus estimates. On the other hand, Wells Fargo only beat the EPS forecast but not the revenue forecast.

Source: PUENTE Hnos, Bloomberg

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