The Dow Jones industrials gained 0.2%, while the technology-based Nasdaq gained 0.1% and the broad S&P 500 index rose 0.2%.
The main stock indices of Wall Street they operate on the rise this Friday, June 16, thanks to the investor optimism about the outlook for the US economy and his desire to take advantage of the bullish movement.
In the first trades after the open, the star index, the dow jones industry, earn 0.2%Meanwhile he nasdaqtechnology-based, a 0.1% and the Expanded S&P 500 Index -of the top 500 listed companies- is appreciated by 0.2%.
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Last Thursday Wall Street celebrated optimistic and with positive results the pause made by the United States Federal Reserve in the increases of interest rates: the Dow Jones gained 1.26% ending at 34,408.06 points, the S&P 500 rose 1.22% (to 4,425.84 units) and the Nasdaq advanced 1.15% (to 13,782.82), reaching its level highest since April 2022.
So far in 2023, the S&P 500 is up about 15% and the Nasdaq is up about 32%.buoyed by signs of economic resilience, a better-than-expected earnings season and bets that interest rates are near their peak.
In that framework, the initial claims for state unemployment benefits held steady at 262,000 seasonally adjusted, in the week ending June 10. Economists polled by Reuters had forecast 249,000 applications for the past week.
“Yeah US labor markets are finally beginning to softenthis grants some credibility to the Fed’s decision to pause“, said Ryan Brandham of Validus Risk Management.
Retail sales in the United States rose unexpectedly in Mayas consumers spent on a number of goods, including vehicles, which could help support the economy this quarter.
Source: Ambito
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