The market’s attention is focused on the meeting of the Federal Reserve and the words that its president, Jerome Powell, will pronounce this Wednesday.
This Tuesday, July 25 in NYthe markets opened in Wall Street with a optimistic spirit, marking the beginning of a trading day full of expectations and business results. The star index, the Dow Jones Industrialsadvances 0.2% to 35,485.57 points.
In tune with the trend and after 11 positive sessions, the other indices also experience advances. He selective S&P 500 records an increase of 0.3% Meanwhile he nasdaqthe technological index par excellence, registers a solid increase of 0.7%.
The market’s attention is focused on the meeting of the Federal Reserve and the words that its president will pronounce, Jerome Powell, this Wednesday. Investors maintain their expectations regarding how this decision could influence the financial markets.
Wall Street: the keys of the day
At the same time, eyes are set on the results of two technological giants, Microsoft and Alphabet, which will be known after the market closes. This generates an additional boost in the Nasdaq, an index dominated by technology firms, which suggests the trust of investors on future results.
Microsoft and Alphabet are two of the seven values responsible for most of the rise of the S&P 500 in the first half of the year. Both climbed at least 37% so far this year thanks to expectations that they will continue to dominate the market and offer strong growth, and the figures they present on Tuesday afternoon will offer more clues about whether those expectations are reasonable.
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This week’s other highlight for Wall Street also kicks into gear on Tuesday: the last meeting of the Federal Reserve about the interest rates.
It is widely expected that the Fed will announce another monetary policy tightening on Wednesday as it tries to control inflation. With this, the interest rate on federal funds would be between 5.25% and 5.50%its highest level since 2001.
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.
