(Finance) – Positive session on Wall Streetwith better-than-expected quarterly results Alphabet (parent of Google) e Microsoft who raised the growth stockswhile investors find themselves evaluating macroeconomic data that could have an impact on the Federal Reserve’s next choices.
Before the opening of the market it emerged that the price index of personal consumption expenditure (PCE) increased 0.3% in March on a monthly basis and 2.7% on an annual basis (against expectations of 2.6%); The given core it increased by 2.8% year-on-year, more than the expected +2.6%.
Yesterday it emerged that, according to the first estimate of GDP, theUS economy in the first quarter of 2024 it grew by 1.6% q/q, the slowest pace in the last two years and lower than consensus forecasts.
According to the CME FedWatch Tool, traders see a chance by 33% for a cut by at least 25 basis points in July, down from 43% a week ago.
Still on the central banks front, this morning the Bank of Japan (BoJ) kept interest rates steady and left the securities purchase program unchanged, in line with expectations.
Among the major companies that have released i count before the bell, AbbVie raised its full-year earnings guidance, Intel provided a lackluster forecast for the current period, while the two energy giants Exxon Mobil And Chevron they reported a decline in profits in the first three months of the year.
Looking at the major indices of the New York Stock ExchangeThe Dow Jones stands at 38,121 points, while, on the contrary, theS&P-500 shows a good rise, advancing to 5,082 points (+0.72%). Positive the Nasdaq 100 (+0.97%); as well, in money theS&P 100 (+0.97%).