The Dow Jones index is presented unchanged from the previous close; the technological Nasdaq gains 0.55% and the expanded S&P 500 index advances 0.19%.
Wall Street trades modestly higher this Wednesday, June 7, with the indices nasdaq and S&P 500 toslowly reaching its highs of the yearin a framework in which attention is focused on the expected inflation data and in the Federal Reserve meeting next week, amid declining odds for a rise in interest rates.
Shortly after the opening, the star index, the industrial Dow JonesPresents itself stable, without variations with respect to the previous closure; the technological nasdaq while earn 0.55% and the expanded index S&P 500 -of the largest 500 companies- advances 0.19%.
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“The engines behind the bullish movements in stocks are present,” said Ben Laidler of eTorohighlighting the agreement on the debt ceiling and the evidence that deposits returned to the US banking system.
“That has given the markets a bit of room to run ahead of inflation in the US. and the fed meeting next week,” he added.
On Tuesday, Wall Street ended with a modest rise: The Dow Jones gained a marginal 0.03% to end at 33,573.28 points, the Nasdaq advanced 0.36% to 13,276.42 units and the S&P 500 rose 0.24% to 4,283.85, its highest so far of the year.
Source: Ambito
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