Wall Street bounces amid data that could prompt Fed dovishment

Wall Street bounces amid data that could prompt Fed dovishment

If the rally continues through today’s trading, the S&P 500 could regain some ground after five straight sessions. of losses triggered by concerns about how severe an economic downturn could be.

Concerns that the central bank will continue to rise aggressively interest rates have been a key driver of those losses.

The latest economic data from the United States showed that the country’s economy is doing better than investors had predicted.

By sectors, the greatest gains were for energy (1.4%) and raw materials (0.66%), while communications (-0.62%) stood out among those most affected.

Among the 30 large corporations in the Dow Jones, the increases of Boeing (2.95%) and Chevron (1.47%) stood out, while the biggest losses went to Salesforce (-1.9%) and Intel (-0, 9%)

In other markets, the Petroleum of Texas rose to $73.5 a barrel, the Prayed reached US$1,799.6 an ounce, the profitability of the 10-year US bond rose to 3.5% and the dollar was losing ground against the eurowith a change of 1,052.

Source: Ambito

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