Wall Street Rally Led by Chip Sector. No Jolt from Fed

Wall Street rises after negative series waiting for macro data

(Telestock) – Wall Street does not register any shockscontinuing to show an increase on the three major indexes, after the Federal Reserve’s Federal Open Market Committee (FOMC) voted unanimously to leave the key rate unchanged within the target range of 5.25%-5.5% for the eighth consecutive meeting.

The statement was amended to say that “the committee is attentive to risks for both parties of his dual mandate“, while previously saying officials were “very careful about inflation risks.” U.S. central bankers have not signaled a rate cut for September.

The US market is being driven by Chip Titlesafter that Advanced Micro Devices has improved its 2024 forecast for AI chip sales, sending stocks in the sector soaring, starting with the giant Nvidia.

The Dow Jones shows a capital gain of 0.76%; along the same lines, theS&P-500which continues trading at 5,526 points. Effervescent the Nasdaq 100 (+2.75%); as well as excellent performance by theS&P 100 (+1.92%).

In good evidence in the S&P 500 compartments informatics (+3.57%), secondary consumer goods (+1.71%) and industrial goods (+1.41%).

Between protagonists of the Dow Jones, Boeing (+4.56%), Amazon (+2.51%), Caterpillar (+1.76%) and Down (+1.70%).

The strongest drops, however, occur on Merckwhich continues the session with -1.55%. Modest decline for Microsoftwhich gives up a small -1.13%. Pensive Johnson & Johnsonwith a fractional drop of 1.00%. He wavers Coca Colawith a modest decrease of 0.73%.

Between Nasdaq 100 protagonists, Constellation Energy (+11.46%), Nvidia (+10.89%), Broadcom (+9.83%) and ASML Holding (+7.47%).

The strongest drops, however, occur on Verisk Analyticswhich continues the session with -8.23%. A slump of CDWwhich shows a fall of 6.40%. Letter on Marriott Internationalwhich recorded a significant drop of 5.49%. Negative session for DexComwhich shows a loss of 3.41%.

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