Wall Street closed up after the Fed statement, and despite Alphabet’s collapse

Wall Street closed up after the Fed statement, and despite Alphabet’s collapse

In this context the index Dow Jones Industriales rose 0.70% to 41,113.97 points; he S&P500 won 0.41% to 5,629.67 points and Nasdaq Composite was appreciated 0.27% to 17,738.16 points.

The rates are left without changes

The Fed kept interest rates unchangedsince the growing risks for economic growth and greater inflation force the Central Bank to remain in expectation until the uncertainty about the impact of the Tariffs of the administration of the president of the United States, Donald Trump is dissipated.

The Federal Open Market Committee (FOMC) kept its reference rate unchanged in a range of 4.25% to 4.5%.

The lack of urgency of the Central Bank to adjust its reference rate is produced after the series of tariffs implemented by the Trump administration, which have not only clouded the economic perspectives, but also threaten to decelerate growth and boost inflation; Two possible dynamics that could conflict the objectives of the central bank of stable inflation and maximum employment.

“The committee is attentive to the risks for both sides of its double mandate and considers that the risks of greater unemployment and inflation have increased,” said the Fed.

Alphabet collapses at the threat of Apple searches

Alphabet More than 8%fell, ballasting the growth of the technological sector in general, due to concern for the growing competition in online searches, just when Apple revealed plans to integrate search functions based on AI in its browsers.

This measure threatens Alphabet’s income distribution agreement with Apple (-1.3%) for predetermined Google searches on iOS devices.

The quarterly results season continued to full performance

Walt Disney It rose more than 11% to the announcement of the entertainment giant, of fiscal profits of the second quarter higher than expected, driven by a growth of subscribers superior to expected for its streaming platform Disney+, as well as for a greater expense in its US theme parks.

Uber Technologies It fell more than 1% after the passenger transport service reported some quarterly gross reserves lower than expected and a slowdown in their shared travel business, amid the concern about the economic deceleration.

Advanced micro devices It rose 2% when the chips manufacturer presented an optimistic income forecasts for the second quarter, driven by the haste of many customers for closing purchases before the implementation of US tariffs.

Marvel Technology More than 8% collapsed after the semiconductor company announced that it would postpone its investor day, initially scheduled for June 10, until 2026, due to the uncertainty of the current macroeconomic environment.

Super Micro Computer It descended 1% after announcing the solution provider for data centers, which their profits of the third quarter slightly exceeded the estimates, but did not reach the expected income and reduced their prospects for the whole year.

Novo Nordisk He won 2% despite the fact that the pharmacist reduced his sales forecasts, for the first time, since the launch of his weight to lose weight Wegovy four years ago. However, he still anticipated a recovery in its main market, the United States.

The greatest increases and casualties of the wheel

Among the actions that were most appreciated, angi (+38%), Oscar Health (+28.6%), Animal Elanco (+24.9%), Liva Nova (+23.9%) and Lions Gate 24.7 (+%).

While the most resigned value found, Lantheus (-23.6%), SAREPTA (-19.9%), Lifestance (-16.1%), Global Payoneer 14.8%) and The Geo Group (-9.9%)

American and Chinese officials will initiate commercial conversations

The secretary of the US Treasury, Scott Besentand the commercial representative, Jamieson Gerer, will meet in Switzerland with the vice -first Chinese minister, HE LIFENGBeautiful Beijing Official for Affairs between the United States and China.

The announcement of conversations marks a possible thaw in relations between the United States and Chinawhich worsened drastically when both countries were involved in a tense tariff exchange.

The markets feared and still fear that a prolonged commercial war between the greatest economies of the world causes serious consequences for the global economy.

The weak data from the United States and China, published last week, increased concern about trade -related conflicts.

The news of the conversations comes just hours after Trump stated “not being hurried to sign commercial agreements.”

Source: Ambito

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