Earlier in the day, shares in regional banks tumbled on renewed fears about the financial system and investors tried to gauge how much longer the Fed could keep raising interest rates.
The Federal Reserve raised interest rates a quarter of a percentage point on Wednesday. but noted that could take a break which led to the acceleration in the rise of the main indices on Wall Street.
The Dow Jones remains stable at 33,674.90 points, the Nasdaq, meanwhile, advances 0.6% to 12,147.48 points, while the S&P 500 rises 0.2% to 4,125.08 points.
The unanimous decision raised the US central bank’s overnight benchmark interest rate to the range of 5.00% to 5.25%, the highest level since 2007.and the Fed’s 10th consecutive hike since March 2022.
The Fed has signaled that it may pause to allow time to assess the consequences of the recent bank failures, wait for the resolution of a political standoff over the US debt limit and watch the course of inflation.
At the close of today, Qualcomm, Marathon Oil and Mercado Libre, among the most relevant, publish their results. Apple’s results are expected tomorrow with great expectation.
Source: Ambito
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