Nasdaq advances 123.75 points (+0.9%); S&P 500 gains 19.07 points (+0.5%); while the Dow Jones Industrial Average adds 117.41 points (+0.4%).
The main stock indices of Wall Street They rise this Thursday thanks to the drop in the profitability of the Treasury bond of the United States, although investors remain cautious awaiting the inflation data and of the Federal Reserve monetary policy meeting in the next week.
The technological index of nasdaq It advances 123.75 points, or 0.9%, to 13,228.64 units; S&P 500 gains 19.07 points, or 0.5%, to 4,286.59 units; while the Industrial Average Dow Jones adds 117.41 points, or 0.4%, to 33,782.43 units.
Amazon.com Inc. earns 2.8% after Wells Fargo initiated coverage of the company with an “overweight” rating, while Nvidia Corporation and Tesla Inc. They go up about 3% each.
Short-term outlook for the US economy
He treasury bond yield The two-year bond, which tends to move in step with near-term rate expectations, fell from a one-week high to 4.49%, after a sharp rise in weekly jobless claims pointed to weakening. of the labor market.
Traders have discounted a 73% chance that the US Central Bank will hold the interest rates in the current range of 5%-5.25% during its June 13-14 policy meeting, according to the tool fedwatch of CMEGroup. However, see a 50% chance of a rate hike in July.
“Our view remains that the Fed will pause in June, but will leave the door open for a July hike, keeping it data dependent. Ultimately, we don’t think the Fed will raise rates in July,” he said. mohit kumarstrategist of jefferies.
He work Department American will publish the inflation data on June 13, the first day of the meeting of the fed. The figures are expected to show that consumer prices cooled slightly in May, but core prices remained stable.
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.
