Initially weighed down by producer prices, the New York Stock Exchange saw its trend recover during the session, enabling the Dow Jones to finish stable at 38459, while the S&P500 gained over 0.7% to 5199 and the Nasdaq Composite, nearly 1.7% to 16442.

On an annual basis, the US producer price index in underlying data rose by 2.8% in March, after 2.7% the previous month, thus testifying once again to persistent inflationary pressures.

According to the CME Group's FedWatch tool, the probability of a reduction in the cost of money at the end of the June meeting was now estimated at just 20%.

After the jolt caused by the inflation figures, Wall Street was nevertheless hoping to come to its senses, with the start of the earnings season this Friday with the releases from JPMorgan Chase, Citi and Wells Fargo.

On average, analysts expect S&P500 companies to report a 3.2% rise in profits for the first three months of the year, marking their third consecutive quarter of growth.

Should this improvement in corporate accounts actually materialize, stocks should benefit, as this would justify a rise in share prices on the basis of unchanged valuation ratios.

For the time being, Nike gained 3.4% on Thursday, benefiting from a change in Bank of America's advice, from 'neutral' to 'buy', with a price target raised from $110 to $113 on the sporting goods manufacturer's stock.

Constellation Brands gained 1.3% in the wake of this alcoholic beverage group's publication of solid results for its last quarter 2023-24, thanks to buoyant beer sales.

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