This Tuesday, the Reserva Federal (FED) has started his two day meeting in which the expected second interest rate decision and the subsequent speech by its president, Jerome Powell. The market consensus predicts a 99% probability of no change in its monetary policy according to CME FedWatch. While the conflict in the Middle East stays red hot with new attacks from Iran and Israel. What keeps the bullish pressure about the price of oil. For this reason the DOW JONES Ind Average, S&P 500 y NASDAQ 100 remain green at closing in a +0.10% to 46,993 points, +0.25% to 6,716 points and +0.47% to 22,479 points respectively.
Iran continued his attacks against energy infrastructuresetting fire to a huge gas field in the United Arab Emirates. For its part, Israel announced the death of Iranian security chieffurther intensifying tensions, according to Yahoo Finance.
Meanwhile, the US allies They have refused to collaborate in the reopening of the Oromuz Straitwhich has been received with strong statements of Donald Trump like what They never needed NATO in your profile at Truth Social.
The new FED meeting faces inflationary pressures because of the American-Israeli conflict with Iran.
But Bitcoin seems to show some resilience to the conflict in the Middle East, according to Gautam Chhugani, analyst at Bernsteinin Yahoo Finance.
«Bitcoin and cryptocurrency markets have demonstrated resilience in the face of conflict in the Middle East, outperforming gold and stock indices,» Chhugani wrote.
Since war with Iran broke out on February 28, the world’s largest cryptocurrency has risen 10%. He S&P 500 has fallen a 2% in the same period, while the oro has dropped almost a 4%.
Analysts point out the Capital inflows into exchange-traded funds (ETFs) worth $2.1 billion in the last three weeks, due to increased investments through wealth managers and institutional funds, including pension and sovereign funds.
In corporate news, the software sector has presented a positive outlook, surpassing that of chips. But he ETF iShares Expanded Tech-Software Sector still does not show a relevant change, according to Yahoo Finance.
He ETF iShares Expanded Tech-Software Sector (IGV) went up to 87 dollars shortly after opening, only to suffer a rapid retreat, reminding us that the zone from 87 to 89 dollars remains the first real obstacle to any software recovery.
Today’s rally helps, but it doesn’t solve the fundamental question of whether software can turn a rally into a lead. What the sector probably needs is a clear and widespread signal that the AI is driving real revenue and margin growth (not just demos and promises) so that investors stop considering software as a service (SaaS) as dead money.
We haven’t gotten to that point yet. But deep down, some companies are starting to behave better.
As to economic data we had the weekly variation in employment according to the ADP with 9.00K compared to the previous 15.50K and February Monthly Pending Home Sales with 1.8% compared to the -0.6% expected.
We also had 52-week debt auction (T-Bill) with a yield of 3.485% and 20 year bonds at 4,817%.
Among the winning actions we have: Western Digital (+9.65% to $313.82), Global Payments (+6.42% to 72.42 dollars) and IBM (+2.75% to $256.11)
Western Digital rise before the continuation of the previous rise last Monday for the storage sector, according to MarketWarch. Which has also benefited other actions in the sector.
Global Payments rise before the upward estimates by analystswhich rotate towards fintech and payment firms according to Zacks.
IBM rises after completing the acquisition of Confluent Rg-A on tuesday $31 per share in cashwhich represents a enterprise value of approximately $11 billionaccording to a press release shared by Investing. The agreement strengthens IBM’s position as a leading player in the Computer Services industry, adding to its market capitalization of $233.9 billion.
Confluent provides Data transmission technology based on Apache Kafka that serves more than 6,500 companiesincluding the 40% of the Fortune 500 companies. The platform enables real-time data movement across enterprise systems and environments.
Among the losing stocks we have Intel (-3.76% to 44.04 dollars), The Trade Desk Rg-A (-7.42% to $25.07) and Johnson&Johnson (-2.09% to $238.11)
Intel falls after news presented by Nvidia on artificial intelligence or AIaccording to TradingView. The firm led by Jensen Huang has stated about increased investments and the development of next-generation systems. Which has left Intel shares lagging behind.
The Trade Desk falls due to problems and challenges that faces in the face of IAaccording to The Motley Fool.
One problem was the launch of its advertising purchasing platform complaints, based on AI. Their clients found the platform more difficult to use, as they could not see all the parameters on a single screen. Additionally, automation eliminated some of the manual controls that customers appreciated.
Furthermore, large companies in the sector such as Alphabet-A y Amazon have become closed ecosystemsgiving its own advertising platforms preferential treatment for purchasing premium ads over platforms like The Trade Desk.
Johnson & Johnson falls after getting a new trial about the punitive damages in a lawsuit filed by the the family of Mae Moorea woman from California who attributed his cancer to baby powder of the company according to Investing.
The Los Angeles County Superior Court Judge Ruth Kwanruled March 13 that attorneys for Moore’s family failed to demonstrate by clear and convincing evidence that Johnson & Johnson acted with malice in its handling of the former talc-based baby powder. The judge annulled the part of punitive damages from a $966 million verdict and granted the company’s request for a new trial on that matter.
«Plaintiffs have not established (by clear and convincing evidence) that J&J acted with malice,» Kwan stated in his ruling on post-trial motions. Legal standards require proving misconduct amounting to malice for punitive damages to be awarded.
The verdict represents part of a ongoing litigation spanning 15 years about Johnson & Johnson’s talc-based baby powder. The company withdrew the product from the market in 2023.
Los Oil futures WTI they go up a +3.10% to $95.33 y Brent +3.32% at 103.54 dollars.
He Oroupload a +0.13% to $5,008 per ounce and the Plata -1.74% at $79.27.
The pair EURUSD upload a +0.28% a 1.1538.
Bitcoin upload a +0.37% to $74,493.
He US 10-year bond yield falls a -0.57% a 4.195 already 30 years -0.31% to 4,843.
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