The stock markets will close at 3:00 p.m. in Argentina this Tuesday and will remain closed for Christmas on Wednesday.
The main indices of Wall Street rise slightly on Tuesday in a short session before Christmaswith the S&P 500 and the Nasdaq rising for the third day in a row, helped by gains in a handful of mega-cap and growth stocks.
He Dow Jones Industrial Average go up 36.73 points, or 0.1%, to 42,943.68, he S&P 500 earn 33.40 points, or 0.6%, to 6,007.50, and the Nasdaq Composite advances 151.19 points, or 0.8%, to 19,916.08.
Stock markets will close at 3pm this Tuesday and will remain closed for Christmas on Wednesday.
With few major catalysts, the low trading volumes expected in the final days of the year raised the prospect of choppy trading.
“Investors are breathing a sigh of relief because perhaps last week’s harsh rate cut combined with the softer PCE reading indicates that the inflation It’s not such a big threat that it’s re-emerging,” he said. Sam Stovall to Reuters, chief investment strategist at CFRA Research.
Higher than expected rates by 2025?
After a stellar run to record highs following the November election, which raised hopes for business-friendly policies under the US president-elect, donald trumpthe rebound of Wall Street hit a roadblock this month, as investors grappled with the prospect of higher interest rates in 2025.
The Federal Reserve The United States eased borrowing costs for the third time this year last Wednesday, but said it expects only two more reductions of 25 basis points next yearbelow its September projection of four cuts, as authorities weigh the possibility that Trump policies fuel inflation.
Traders expect the Fed to leave rates in the 4% to 4.25% range by the end of 2025, up from between 3.75% and 4% about 10 days ago, according to CME’s FedWatch tool.
Source: Ambito
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