(Finance) – Post-election optimism continues on Wall Street (Dow Jones and S&P 500 at new records), with the expectation that the expansionary policies of the new Trump administration may have positive impacts on corporate profits (as the quarterly reporting season draws to a close).
Yesterday the Fed, as expected, unanimously decided to cut rates by 25bps “to help maintain the strength of the economy”, expressing greater attention to the objective of full employment than to that of price stability. The president Jerome Powell stated that the outcome of the elections will not have a “short-term” impact on monetary policyalthough Trump’s fiscally expansionary spending plans and proposed tariff increases could push inflation higher. Powell added that he would not step aside if Trump asked him to.
On the macroeconomic front, improvement is expected consumer confidence Americans in November, according to preliminary data from the University of Michigan.
Among the titles they have published the datathey collapse Airbnb – which missed third quarter profit estimates – and Pinterest – which communicated a disappointing turnover forecast.
Looking at the main indices of Wall Street, the Dow Jones advances to 44,005 points (+0.61%); along the same lines, theS&P-500 it makes a small leap forward of 0.42%, reaching 5,998 points. Without direction the Nasdaq 100 (+0.04%); just above parityS&P 100 (+0.28%).
Positive result in the S&P 500 basket for i sectors utilities (+1.76%), office consumables (+1.59%) e secondary consumer goods (+1.29%). Among the most negative on the S&P 500 list, we find the sectors materials (-0.86%), telecommunications (-0.70%) e informatics (-0.42%).
At the top of the rankings American giants components of the Dow Jones, United Health (+1.89%), McDonald’s (+1.87%), Procter & Gamble (+1.85%) e Visa (+1.61%).
The steepest declines, however, occur at Dowwhich continues the session with -5.02%. Under pressure Caterpillarwith a sharp decline of 3.65%. Small loss for Intelwhich trades at -0.76%. He hesitates Microsoftwhich lost 0.67%.
Al top between Wall Street tech giantsthey position themselves Fortinet (+8.32%), Tesla Motors (+6.66%), Costco Wholesale (+3.96%) e MercadoLibre (+3.76%).
The steepest declines, however, occur at AirBnbwhich continues the session with -7.88%. Black session for PDD Holdingswhich leaves a loss of 6.61%. At a loss Modernwhich falls by 5.65%. Heavy Trade Deskwhich marks a decrease of -4.43 percentage points.