Wall Street It climbed and located near historical maximums on Monday, as fears on global trade wars decrease and bets on faster rates cuts.
The world bags remained just below their recent historical maximums and The European trimmed the initial falls.
In this context, the Dow Jones index of industrialists rose 0.6% to 44,094.77 points; The S&P 500 won 0.5% to 6,204.35 points and Nasdaq Composite showed 0.5% to 20,369.73 points.
In the monthly balance, the Industrial Dow Jones Index advanced 4.3%, S&P 500 He traced a 4.9% and the Nasdaq Composite He climbed a 5.9%.
Hope color shone in the markets
The three reference indices ended positively, on the date, promoted by the announcement of a Commercial Agreement between USA and Chinawhich increases the hopes that other commercial agreements can be achieved, before July 9, the deadline imposed by the President Donald Trump.
This Monday, expectations increased after the news that Canada He rescinded his Digital Services Tax For technology companies, just hours before entry into force, while Ottawa presses to revitalize trade negotiations stagnant with the US administration.
The president of the United States used the tax as a reason, last week, to end trade negotiations with Canada, But the Prime Minister Mark Carny and Donald Trump Now they will hold conversations with the aim of reaching a commercial agreement before July 21, according to the Canadian Ministry of Finance.
Investors also monitored with caution The progress of a huge bill of tax cut and expenses of the United Statesthat progresses slowly in the Senate, with indications that it might not reach the preferred date by Trump, on July 4.
The Congress Budget Office estimated that the bill would add 3.3 billion dollars to government debt in a decade, testing foreign appetite for the United States Treasury bonds.
The unknown on the rates over the market
The markets also advanced last week before the growing expectations of A rate cut by the Federal Reservedriven by weaker inflation data than expected.
A report on the Personal Consumption Expenditure He showed that consumer spending decreased unexpectedly in May, while the inflation rate remained persistently above the 2% objective of the 2% of the Federal Reserve. The figures reinforced the hopes of possible reductions in interest rates by the Central Bank.
The elimination of the threat of potentially inflationary tariffs could be the final catalyst that the Federal Reserve of the United States needs to cut interest rates once more.
Some of Wall Street’s most outstanding actions
Platforms Inc A 0.7%, promoted by optimism about AI, since investors assimilated the suggestive news, which the company had hired four OpenAi researchers to join their superintelligence group.
Oracle Corporationon the other hand he climbed more than 4% After announcing multiple agreements to provide services to large cloud suppliers. One of them is expected to generate more than U $30,000 million in annual income from 2028.
Robinhood Markets Inc further from 13% Until historical maximums, since investors continue to bet on strong future growth after the company’s announcement of a series of new offers related to cryptocurrencies that will be launched on the platform so that users operate them.
The actions of Musmed Corporation They fell a 12.6% After the company reported Medicare admissions in Florida weakest than expected, which led to projected limitations of income for its subsidiary vitas.
Abacus Life Inc. A scalled a 10% After the company announced an offer of exchange of warrants aimed at simplifying its capital structure and reducing the potential dilution.
The alternative asset management firm is offering Warrants for holders the opportunity to receive 0.23 ordinary shares for each warrant delivered. Through this exchange, Abacus It could issue up to 4,743,381 new ordinary shares in exchange for all warrants in circulation.
New Fortress Energy One shot 33% After knowing the news that the company assured a 15 -year contract to supply liquefied natural gas (LNG) to multiple power plants.
C3.AI inc He grew 1.5% from the announcement of a strategic association with Huntington Ingalls Industries (+1.2%), the largest military naval builder in the United States, to expand digital technologies and apply artificial intelligence in order to accelerate naval production.
SRM Entertainment He climbed 1.2% after the company announced that it successfully deposited its treasury holdings of more than 365 million Tron tokens through Justlend, improving potential yield up to 10% per year.
Source: Ambito
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