US stocks end on a high on J&J boost and tech stocks

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The US stock exchanges ended the session this Friday (12) on a high after Johnson & Johnson and Toshiba informed that they intend to divide their companies into two and three businesses, respectively.

The Dow Jones rose 0.50% to 36,100 points, the S&P 500 gained 0.72% to 4,682 points, and the Nasdaq gained 1% to 15,860 points. Good results have followed since the opening of the stock exchange.

Johnson & Johnson will separate its business into products for customers to buy with a prescription and the other arm will be focused on the sale of controlled drugs. Both will be publicly traded companies.

While Toshiba intends to split its business into three by 2024. The plan is to focus one part on infrastructure, the second on electronic devices and the third on semiconductors.

And who continued to dispose of the investment portfolio was the CEO of Tesla, Elon Musk, who revealed an additional sale of shares of the maker of electric cars worth about US$ 687 million, as shown by regulatory documents on Friday (12 ).

CPI breaks winning history

US stocks were poised to hit a five-week winning streak, but the results of the CPI (US Consumer Price Index), the highest in 30 years, halted gains and brought down some of the major US indices. United last night.

Signs of rising inflation will last longer than expected by central banks, which has given investors a feeling that there will be an increase in borrowing costs by the Fed (Federal Reserve, US Central Bank).

In the last 12 months, prices rose 6.2%.

*With information from Reuters and Jordan Valinsky of CNN Business

Reference: CNN Brasil

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