The S&P 500 advances to 4,278.76 units, while the Nasdaq rises to 13,179.33 units and the Dow Jones reaches 33,514.62 points.
The main Wall Street indices They advance this Thursday, November 2, and reach highs in 2 weeks. This occurred in a context in which hopes are rising that the Federal Reserve of the United States has reached end of its monetary tightening campaign and a series of reports from optimistic companies contribute to bullish mood.
He S&P 500 advances 40.90 pointsor 0.97%, to 4,278.76 unitsMeanwhile he Nasdaq rises 117.87 pointsor 0.90%, to 13,179.33 units. Meanwhile, the Dow Jones Industrial Average addition 240.04 pointsor 0.72%, to 33,514.62 units. Thus, the three main stock market indices reached their highest level since October 19 of 2023.
The values growth of large capas Microsoft, Nvidia, Alphabet and Tesla rise between a 0.2% and a 3.9%. In the particular case of S&P 500their 11 main sectors quote upwardwith the real estate and that of luxury consumption leading profits.
Keys for Wall Street: the Fed maintained rates and Powell moderated his speech
The Federal Reserve kept interest rates stable, as expected. And, although his president, Jerome Powell left the door open to further tighteningalso recognized the impact of the recent rise of bond yields in the economy.
The commentswhich were perceived as moderatethey made the Treasury bond yields of USAwith the 10-year benchmark return reaching almost three week lows.
“Our hypothesis basic is that the Federal Reserve is donebut what “will take its time to cut rates”said Raphael Olszyna-Marzys, international economist at J Safra Sarasin. “There’s a considerable chance it needs more (raises), but that’s not how the market is seeing it at the moment.”
Depending on the tool FedWatch of CME Groupthe operators reduced the risk of rate hikes in December to the twenty% and in January to the 25%. Also They discounted the probability by 70% that him monetary tightening is over.
Source: Ambito
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