“Now we can say, I think for the first time, that the disinflationary process has begun.. We can see it and we really see it in the prices of goods so far,” he said. Fed Chairman Jerome Powell, adding more optimism to the market. Of course, he added that it is premature to declare victory over inflation. In fact, the market expects at least two more rate hikes this year.
Meta shot up the market
The other major focus of the market was on Meta, which shot up more than 23%, to a maximum of almost eight months, after Facebook’s parent company announced a new share buyback worth US$40 billion and said it will cut costs by US$5 billion in 2023, to between US$89,000 and US$95,000 millions.
Thanks to this, the technological ones were strongly promoted, highlighting the strong increases in Alphabet (+7.3%), Amazon (+7.4%), Microsoft (+4.7%), Apple (+3.7%).
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
