Wall Street closed this Thursday in the green and the Dow Jones Industrials, its main indicator, rose 0.98%waiting for the president of the Federal Reserve (Fed) to speak tomorrow at the annual meeting in Jackson Hole, Wyoming.
(Read: What is true and false about the tax reform project).
At the close of business on the New York Stock Exchange, the Dow Jones added 322.55 points, up to 33,291.78, while the selective S&P 500 advanced 1.41% or 58.35 units, to 4,199.12. The composite index of the Nasdaq market, where the main technology companies are listed, added 1.67% or 207.74 units, to 12,639.27.
Today started the Jackson Hole three-day economic symposium, on Friday the president of the Federal Reserve, Jerome Powell, will give a speech and on Saturday Isabel Schnabel, a member of the board of the European Central Bank, will speak. Some analysts say stocks are likely to see more volatility after Powell’s speech.
Central bank officials agreed at their meeting last month that they needed continue to raise interest rates, but pointed to greater caution about the pace of future increases. At its meeting in late September, the Fed is expected to raise rates, the question being whether it will do so by 0.5 percentage point or 0.75 point.
For its part, the US announced today that its economy contracted 0.6% in the second quarter, a smaller decrease than that shown by a preliminary estimate. As for the different sectors, today all closed in the green and the biggest gains were for raw materials (2.26%) and communications (2.06%).
(Also: Baseline credit assessment: what it is and why it matters to Ecopetrol).
Among the 30 companies listed on the Dow Jones, the following stood out: earnings of Boeing (3.53%), Intel (3.04) and Dow (2.8%), while the only companies that closed in the red were Salesforce (-3.39%), which in its results yesterday gave a disappointing forecast for fiscal year 2023, and Protect & Gamble (-0.08%).
In other markets, Texas oil closed at $92.52 a barrel, and at the close of Wall Street, gold rose to $1,770.40 an ounce, the yield on the ten-year US Treasury bond fell to 3.033% and the dollar fell against the euro, with a change of 0.9971.
AFP
Add Comment