The main indices of Wall Street They go up this Thursday, June 1, after the House of Representatives of the United States approved and rotated the bill that plans to suspend the debt ceiling of 31.4 trillion dollars.
He nasdaq climbs 0.9% to 13,055.76 points, the S&P 500 rises 0.8% to 4,213.65 points and the Dow Jones rises 0.6% to 33,094.69 points.
The bill to suspend the debt ceiling of 31.4 trillion dollars was approved this Wednesday in the House of Representatives with the majority support of Democrats and Republicans and will now head to the senatewhich must ratify the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.
In parallel, this Wednesday the Dow Jones started the day with falls due to the fact that Salesforce Inc plunges 4.9% after the company posted its slowest pace of revenue growth in 13 years.
Meta Platforms inc added 2.4%, helping boost the nasdaqafter presenting its new generation mixed reality headset called quest 3.
Even after the passage of the bill, trading remained in a tight range as investors focused on economic indicators, which will set the tone for the fed and will provide more details on the impact of their aggressive rate hike cycle.
He ADP national employment report show that the economy added more jobs than expected in May, while weekly jobless claims for the work Department they rose modestly, suggesting the resilience of the labor market.
On the other hand, the American manufacturing sector contracted in May for the seventh consecutive month.
The odds in favor of a pause in rate hikes at the monetary policy meeting of the fed June 13-14 were around 72% after the data.
Comments from Fed officials, including the governor and vice-presidential candidate Philip Jeffersonwhich favored a momentary pause in the rises, contributed on Wednesday to reduce the bets for a rise.
Source: Ambito
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