In a wheel where the green shone, the Dow Jones index of industrialists rose 0.92% to 41,964.63 points; The S&P500 won 1.08% to 5,675.29 points and Nasdaq Composite showed 1.41% to 17,750.79 points.
The voice of the Fed in the present and future of the rates
The President of the Federal ReserveJerome Powell, He said Wednesday that the current uncertainty is “unusually high”, describing the challenges facing the Central Bank, “to reach new projections of economic perspectives, in the midst of the wave of political maneuvers of the Government of Donald Trump.”
In this context The Fed kept interest rates unchanged on Wednesday and his two -cutting forecast for this year, although he now provides for a harder fight against inflation. The Federal Open Market Committee (FOMC) maintained its type of reference in a range of 4.25% to 4.5%. This was the Third consecutive meeting in which the Fed kept interest rates the samesince uncertainty about commercial policy, a still solid labor market and persistent inflation suggest that there is no urgency to modify monetary policy. Fed members expect the Reference rate falls to 3.9% this year, which points to two rate cuts, without modification with respect to the previous forecast of December.
What happened to some of the Wall Street actions?
Tesla He took a step towards the launch of his fiance Robotaxis Service in California, ensuring the first of several necessary approvals, which caused the actions of the car manufacturer to rise 4.6%. The California Public Services Commission (CPUC) granted TESLA a hired party carrier permit (TCP), which is normally issued for driver services. This license allows the company to manage a fleet of vehicles and transport employees on scheduled trips.
On the other hand, the actions of General Mills They fell 2% after the announcement of the food manufacturer, a strong drop in annual sales and profits, affected by the growing competition of cheaper brands.
BOEING COon the other hand, it rose 7.3% when the financial director of the aircraft manufacturer, Brain West, announced an improvement in operational performance.
Nvidia Corporation It rose 2% after the statements of Jensen Huang, CEO of Nvidia, on “that the impact of tariffs” will not be significant in the short term.
The actions of Intel6.6%fell, after Paul Liu, director of the National Development Council of Taiwan (NDC) and member of the Board of Directors of Taiwan Semiconductor Manufacturing, refuted the recent speculations about the possibility that TSM acquires the Intel foundry business. This clarification was published by Digitimes.
Among the actions that were most appreciated appear, Signet Jewelers (+17.1%), Stoneco (+15.1%), Sportradar (+11.7%), Land Bridge (+9.6%) and Ollies Bargain (+9.8%).
While the most resigned value found, Health Equity (-19.8%), Tonix (-18%), GDS Holdings (-13%), Turkcell (-13.2%) and Edgewise (-10.5%)
Sales tsunami of great technology “could be about to finish”
Wells Fargo analyst, Christopher Harvey, declared Wednesday, that he believes that the recent wave of sales of technological actions of great capitalization could be coming to an end, citing a mixture of factors that could calm the selling pressure and improve market confidence.
“Russell will implement weighting limits for the six main emitters of the R1000 Growth Index: Apple (+1.3%), Microsoft (+1.3%), NVIDIA (+2%), Amazon (+1.5%), goal (+1.3%) and Google (+3.2%). Our operations table estimates approximately US $ 6.7 billion in sales for the entire group liabilities, ”Wells Fargo wrote.
However, this rebirth is expected to end on Friday, which could eliminate a key sewing pressure source. “We hope this event will end the excess offer,” added the bank. While the market has been fighting with uncertainty, Wells Fargo hopes that the tone will improve due to greater clarity about macroeconomic factors. In addition, according to the bank, some growth actions related to AI, which suffered strong sales during the general market correction, are now approaching more reasonable assessments.
Source: Ambito
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