(Finance) – Wall Street is moving higherafter yesterday’s losses, triggered by expectations that the Federal Reserve’s first interest rate cut will be postponed compared to previous expectations. Today too Goldman Sachs moved the forecast for the Fed’s first rate cut of a meeting, from July to September; The shift in timing does not change the expectation of two cuts total in 2024.
Yesterday’s stronger-than-expected data on US business activity also weighed on market sentiment. The data released today before the bell seems to confirm this vision: the orders for durable goods for the month of April they increased by 0.7%, compared to expectations of a decline of 0.8%.
THE Minutes of the latest Fed meeting confirmed the cautious attitude of the American central bank in a context in which inflation is struggling to fall and economic growth remains solid. Today the governor of the Federal Reserve Christopher Waller said the factors that lowered the neutral rate could reverse.
Looking at the main indicesThe Dow Jones stands at 39,143 points, while, on the contrary, theS&P-500 advances, reaching 5,304 points (+0.66%). On the rise Nasdaq 100 (+1.05%); with a similar direction, slightly positiveS&P 100 (+0.66%).
Positive result in the S&P 500 basket for i sectors telecommunications (+1.27%), secondary consumer goods (+1.04%) e utilities (+1.02%).
To the top between giants of Wall Street, Apple (+1.89%), Intel (+1.76%), American Express (+1.55%) e JP Morgan (+1.49%).
The worst performances, however, are recorded on Salesforce, which gets -2.27%. He hesitates Merck, with a modest decline of 1.21%. Slow day for Johnson & Johnson, which marks a decline of 1.00%. Small loss for United Healthwhich trades at -0.63%.
On the podium of Nasdaq stocks, Ross Stores (+9.93%), Constellation Energy (+4.95%), Qualcomm (+4.03%) e Advanced Micro Devices (+3.82%).
The steepest declines, however, occur at Workday, which continues the session with -14.11%. Collapses Intuit, with a decline of 8.09%. In red MongoDB, which highlights a sharp decline of 1.93%. The negative performance of Atlassianwhich falls by 1.93%.