The shares are rising, the J&J shares are rising after the announcement of the break

Equities rose Friday after a mixed session in the markets, with both earnings and inflation data remaining at the center of investors’ attention.

The S&P 500 rose, and both the Dow and Nasdaq also closed Friday’s session in green after a volatile trading week. Shares in the Dow & Johnson component (JNJ) rose after the company said it was plans to split into two separate companies focused on consumer health products and medicines, respectively, in a move that repeats a similar breach of General Electric (GIVE) Earlier this week.

From Friday’s closing, however, the S&P 500 ended the week marginally lower after five weeks of gains in a row. But after weeks of progress, it still remained just a little below the heights of all time.

“We have a market that is just incredible. Whatever it goes up, it should not be much of a surprise considering how much money has been pushed into the system,” said Lenore Hawkins, chief macro strategist at Tematica Research. Yahoo Finance Live. “There’s just a lot of money not chasing a lot of alternatives.”

That said, warmer-than-expected inflationary pressures earlier in the week were a major concern for investors, reinforcing that rising price pressures were not as volatile as many had initially expected during the recovery. Consumer prices rose with the fastest cut in 31 years in October, or by a significant 6.2% compared to the same month last year, to accelerate from September’s already high rise of 5.4% year-on-year.

The rise in prices has consequences both for businesses – many of which have had to try to pass on rising prices to end consumers in order to maintain margins – and for the Federal Reserve. Market prices are currently suggesting The Federal Reserve will step in by the middle of next year to raise interest rates to try to curb rising inflationary trends.

Yet many economists have confirmed that inflationary pressures will eventually ease, although they are likely to fall to a higher level than had been present before the pandemic.

“Inflation should slow down. We’re talking about settling at 2%, 2.5% over the next 12 months,” Gabriela Santos, JPMorgan Asset Management’s global market strategist, told Yahoo Finance Live. “So we’re still talking about real wage gains, and it’s certainly extremely supportive of people’s livelihoods, but also of consumption and thus the economy in general.”

“We expect a major acceleration in growth from this quarter and all of next year, [and] 5% average growth just over the next three quarters, “she added.” So we will characterize this not as stagflation, but as reflation. And the difference is that reflection is actually pretty good for earnings growth and pretty good for the stock market, especially cyclical sectors. ”

16:02 ET: Stocks end higher, even though the S&P 500 shows the first weekly loss in six weeks

Here’s where the major stock indices closed Friday’s session:

  • S&P 500 (^ GSPC): 4,682.84, +33.57 points (+ 0.72%)

  • Dow (^ DJI): 36.100,31, +179,08 points (+ 0,5%)

  • Nasdaq (^ IXIC): 15.860.96, +156.68 points (+1.00%)

12:38 PM ET: SEC rejects VanEck Bitcoin ETF

The U.S. Securities and Exchange Commission said Friday it rejected an exchange-traded fund from VanEck that would have tracked bitcoin spot prices directly. This would have been in contrast to ProShares Bitcoin Strategy ETF (BITO), which was approved and which only tracks bitcoin futures rather than prices directly.

According to an archive, the SEC concluded that the fund did not meet requirements requiring the fund to be “‘designed to prevent fraudulent and manipulative actions and practices’ and ‘to protect investors and the public interest’.”

10:20 ET: Consumer confidence drops to a 10-year low

Inflation concerns hit consumers.

The University of Michigan’s preliminary sentiment index fell to 66.8 from 71.7 in October, data showed published Friday. The November figure followed all projections in a Bloomberg survey of economists, which called for a rise to 72.5. Consumers expect inflation to rise by 4.9% over the next year, the highest since 2008, the report showed. They expect prices to rise by 2.9% over the next five to 10 years, unchanged from the previous month.

10:00 ET: Job openings take a dip

Job openings, a measure of labor demand, fell to DKK 10.4 million on the last day of September, the Department of Labor said in its monthly job opening and job turnover survey, or JOLTS report, Friday, down from a revised 10.6 million in August. Economists had expected 10.3 million according to Bloomberg’s consensus estimate. Departures increased by 164,000 to 4.4 million, which is a record high.

9:30 ET: Stocks open higher after whipsaw week

Here is where the markets traded at the open bell:

  • S&P 500 (^ GSPC): 4,653.65 +4.38 (+0.09%)

  • Dow (^ DJI): 35,974.97, +53.74 (+ 0.15%)

  • Nasdaq (^ IXIC): 15.727.90, +23.62 (+ 0.15%)

7:50 ET: Stock futures point to a higher opening

Here is where the markets traded Friday morning:

  • S&P 500 futures (ES = F): +9.25 points (+ 0.2%) to 4,652.25

  • Dow futures (ÅM = F): +94 points (+ 0.26%) to 35,923.00

  • Nasdaq futures (NQ = F): +39.00 points (+ 0.24%) to 16,061.75

  • raw (CL = F): – $ 1.53 (-1.88%) to $ 80.06 pr. barrel

  • gold (GC = F): -8.50 USD (-0.46%) to 1,855.40 USD per. ounce

  • 10-year Treasury (^ TNX): +1.4 bps to give 1.572%

18:11 ET Thursday: Progress on stock futures

Here is where the markets traded Thursday night:

  • S&P 500 futures (ES = F): + 4.5 points (+ 0.1%) to 4,647.50

  • Dow futures (ÅM = F): +41 points (+ 0.11%) to 35,870.00

  • Nasdaq futures (NQ = F): +19.5 points (+ 0.12%) to 16,042.25

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, October 27, 2021. REUTERS / Brendan McDermid

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, October 27, 2021. REUTERS / Brendan McDermid

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter

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