(Finance) – Positive session on Wall Streetwith investors reviving bets on tax cuts by the Fed (yesterday retail sales were weaker than expected in the United States and accommodative comments from Fed governor Christopher Waller), they judge the indications coming from the quarterly reports to be very positive banking giants and they wait to know the first choices of the president-elect Donald Trump (who will take possession of the White House on Monday).
Meanwhile, the International Monetary Fund raised its forecast for global growth in 2025 by a tenth of a percentage point, with one stronger than expected growth in the United States which offsets downward revisions in Germany, France and other large economies. In particular, the IMF increased its growth forecast for the United States to 2.7% based on the strength of the labor market and the acceleration of investments, an increase of half a percentage point compared to the October forecast, with growth destined to fall to 2.1% next year.
On the macroeconomic front, growth accelerated more than expected industrial production in the United States in December 2024, while above-expected data arrived in the same month from the American construction market
Among those who spread the quarterly before the bell, Schlumberger increased dividend and buyback after a growth in 2024, while Truist Financial beat estimates for fourth-quarter profit.
Looking at the main indicesWall Street shows a gain of 0.71% on Dow Jones; along the same lines, theS&P-500 continues the day up 0.81%. Good performance Nasdaq 100 (+1.4%); on the same trend, risingS&P 100 (+1%).