The S&P 500 reaches a new historical maximum despite the increase in inflation

• The S&P 500 marks a new historical maximum in 6,182.
• The Nasdaq also reaches a new historical maximum on Friday.
• The increase in PCE inflation in May fails to distract investors.
• UBS raises its objective for the S&P 500 to 6,200 for the end of the year.

The S&P 500 has reached a new historical maximum on Friday, reaching 6,170 at the time of writing, exceeding the maximum of February 19 of four months ago. The index has risen slightly more than half a percentage point.

The victory occurs despite the fact that the Federal Reserve Inflation Indicator (FED) – the Personal Consumption Expenditure Index (PCE) – turned out to be higher than expected for May in the pre -entertainment. The annualized data rose 2.7%, one tenth of a percentage point more than the reading of April, which was also reviewed one tenth of a percentage point on the rise. In his testimony before Congress at the beginning of this week, the president of the Fed Jerome Powell He pointed out that Trump administration tariffs could boost inflation and stop the need for a short -term interest rate cut.

However, the CME Group Fedwatch tool showed that the probabilities for a 25 basic points cut at the September meeting only fell from 74% to 72% after reading inflation reading.

The Nasdaq Composite, which rose 0.5%, also reached a new historical maximum in 20,602, while the Dow Jones industrial average has risen 0.7% but follows a few percentage points of its own historical maximum.

Nike’s actions (NKE) They have increased 14% on Friday after exceeding the reduced expectations of analysts for their fourth fiscal quarter and despite the fact that the management awaits an increase in costs of 1,000 million dollars due to new tariff policies.

S&P 500 Graph

The S&P 500 has exceeded the previous resistance barrier, which ranges between approximately 6,100 and 6,150, and is now well above the collapse levels of the day of liberation. The war between Israel-will in mid-June failed to cause great sale, but the high fire earlier this week has led to an important risk movement.

The previous historical maximum of February 19 in 6,147 is no longer a barrier.

Simple mobile socks (SMA) of 50 and 200 days offer support up to 5,800, suggesting that the current impulse could lead to the index well above the following objective in 6,200.

If the increase in inflation fails to stop the three -month -old rally on the market, it is difficult to say what will. More than some analysts point out that the S&P 500 will reach 6,500 in the second half of the year. However, UBS raised its own price target at the end of the year to 6,200 on Friday, which shows little rising potential from here.

With the White House ending its commercial agreement with China on Friday, as well as the Secretary of Commerce Howard Lutnick promising that ten more commercial agreements will be ended before the self -imposed deadline of July 9 of President Donald Trump for tariffs, the market dynamics suggests that commercial problems are no longer a problem for the stock market.

S&P 500 DAILY GRAPH