Wall Street closed this Thursday in the green and the Dow Jones Industrials, its main indicator, rose 0.33%, despite the concern that has prevailed in recent days on the floor about the possibility that the Federal Reserve ( US Fed) continue to raise interest rates in its fight against inflation.
At the close of operations on the New York Stock Exchange, the Dow Jones added 108.82 points, to 33,153.91, while the selective S&P 500 rose 0.53% or 21.27 units, to 4,012.32.
The Nasdaq composite market index, which brings together large technology companies, gained 0.72% or 83.33 integers, to 11,590.4.
The S&P index breaks this Thursday with a streak of four consecutive days closing lower, a rise that has undoubtedly contributed to the revaluation of the shares of the chip manufacturer Nvidia, which rose 14% after announcing annual results on Wednesday. that exceeded analysts’ expectations.
The minutes of the last Fed meeting, released on Wednesday, showed that inflation, which stood at 6.4% in February, remained “well above” the central bank’s 2% target, and indicated that the labor market is still “very tight, which contributes to continuing upward pressures on wages and prices.”
Concern that the Fed will maintain an aggressive policy of raising interest rates has once again raised fears of a possible recession.
In a statement reproduced by The Wall Street Journal, Doron Barness, head of international trading and cash stock distribution at Oppenheimer & Co., said investors are waiting for “more clarity, because they don’t want to buy stocks and being wrong from the start about whether the economy is going to have a hard landing.”
By sectors, the most benefited from the day were technology (1.63%), energy (1.25%) and real estate (0.98%), while the losses of communications stood out (-0.66 %) and public services (-0.48%).
Regarding the 30 large corporations listed on the Dow Jones, Merck (1.31%), Microsoft (1.3%) and Boeing (1.15%) stood out for their good performance, while the most affected were Verizon (-1.91%) and Walmart (-1.49%).
In other markets, Texas oil closed at 75.39 dollars and at the end of the trading session gold fell to 1,830.8 dollars an ounce, the yield on the ten-year US bond fell to 3.885% and the dollar gained ground against to the euro, with a change of 1.0597.
With information from EFE / Photo: EFE / JAC
