The Dow Jones index, which dropped 0.55% in the opening, turns around in the New York morning, with a 0.52% rise to 42,183 points. Among the values that most advance, Home Depot rises 1.97% and Sherwin-Williams 1.92%. The largest fall is for IBM, which is left 3.74%, while Walt Disney yields 52%. The S&P 500 advances 0.47%, in 5,702 puntos, while the Nasdaq advances 0.65% to 17,866 points.
The great New York indices come from a bullish day yesterday, slowing down the bleeding that has been produced since February. The Dow Jones rose 0.9% and the S&P 500 rose 1.08%. The Nasdaq technological added 1.41%, although it remains in correction territory (a fall of more than 10% since the last maximum).
The S&P 500, which briefly entered the correction territory last week, is now located just over 7% of its historical maximum.
The indexes closed upwards after the announcements made by the Federal reserve. The institution decided to keep interest rates in a range between 4.25% and 4.50%. The institution still expects two type cuts by 2025, although cut the GDP forecasts and raised those of inflation for the exercise.
The current uncertainty is «unusually high», the president of the Fed, Jerome Powell, lamented, which does not seem to trust that the possible effect of tariffs on inflation is ephemeral or transitory.
«The transitory has returned, or at least that was hinted at. The reaction of the market, in my opinion, indicates that investors are willing to believe that tariffs and other policies will not create lasting inflationary pressures and that the Fed can maintain control,» says Elyse Ausenbaugh, Director of Investment Strategy for JP Morgan Wealth Management.
Real estate market references help today improve the spirits since they seem to show that housing buyers are beginning to re -enter as housing availability increases. According to the National Association of Real Estate Agents, Existing housing sales increased 4.2% in February compared to Januaryreaching a seasonally adjusted annual rate of 4.26 million units. Although sales decreased 1.2% compared to the same period of the previous year, the analysts’ forecasts are comfortably.
Today investors have also known new references to the labor market with the publication of initial unemployment subsidy applications. The number of people who requested unemployment state aids stood last week at 223,000slightly below the 224,000 that the market had planned. However, the figure of the previous week was reviewed upwards, at 221,000, compared to an earlier estimate of 220,000.
The mobile average of new applications of the last four weeks, which is considered a more reliable indication of trends in the labor market since it reduces volatility peaks, rose to 227,000.
It has also been known The manufacturing index of the Fed of Philadelphia, with a reading of 12.5 in March that is well above the 8.5 that analysts had planned. In February the index had shown a reading of 18.1.
Investors are also pending of tariff policies. Today The European Union has delayed its first measures against the US in response to steel and aluminum tariffs until mid -Aprilwhich allows to re -study what goods will be included and offered a few more weeks for negotiations.
The European Commission had proposed to impose tariffs at 4.5 billion euros (4.9 billion dollars) in American products on April 1, followed by another 18,000 million euros on April 13. «Now we are considering aligning the calendar of the two EU countermeasures series to be able to consult with the Member States both lists simultaneously and this would also give us more time for negotiations with our US partners,» explained the European Commissioner of Commerce, Maros Sefcovic.
In the business field, tonight after the closing of the regular day, Nike’s results will be known.
He has already presented his Darden Restaurants, which disappoint with your sales figures. The company behind Olive Garden or Larchorn Steakhouse has presented gains per share of $ 2.80, above the estimated $ 2.79, but the revenues of $ 3,160 million do not reach the 3,210 million that analysts had predicted. However, their shares rise 1% in the opening.
Five Below shares shoot 6% after the chain of discount stores has broken market expectations with its fourth quarter accounts. In its last quarter, Five Below reported earnings of $ 3.48 per share and revenue of 1,390 million dollars, while analysts had waited earnings of $ 3.37 per share and income of 1,380 million dollars.
In the recommendations of analysts, JP Morgan believes that President Trump’s tariff policy could benefit to Freeport-McMoran. Analyst Bill Peterson raises the recommendation of his shares from ‘Neutral’ A ‘Overwater’ and the target price at $ 4, up to 52 dollars per share. This new assessment reflects a bullish potential of 28.6%.
Also vote of trust for Tesla, despite the fact that the electric car manufacturer records a 38% drop so far this year. Piper Sandler Alexander Potter analyst is optimistic about the company directed by Elon Musk, with a raising rating and an objective price in the $ 405. It implies a bullish potential of no less than 90%. But investors do not seem completely convinced, taking into account that today the shares drop 1.5% in the New York morning.
Wells Fargo see potential again in Kkr & co after its last falls. The analyst Michael Brown raises the recommendation of the actions of the investment firm of ‘Neutral’ A ‘Overwater’. Although it reduces its target price by $ 9, the estimate of 141 per share is still 21% bullish potential with respect to Wednesday’s closure. «It is not clear if the situation has already touched the bottom, or if the next movement will be upward,» says the expert in a note to his customers. «Even so, the bullish potential is too attractive to let it pass, since Kkr now has a margin of growth.»
The falls of Sharkninja They also offer a purchase opportunity for investors, considers Bank of America. «We believe that Sharkninja continues to experience solid short -term growth, both nationally and internationally,» writes the analyst Alexander Perry. Its target price of $ 140 per share implies a potential of 55.1% compared to the closing of Wednesday.
In raw material markets, oil prices are stabilized after yesterday’s increases due to the favorable demand outlook in the US, after fuel inventories fall more than expected. Today, however, the dollar bounces and presses prices. The futures of the American West Texas yield 0.01% to $ 66.90 per barrel, while the International Reference Brent oil is paid at $ 70.78 per barrel.
The price of gold remains stable above 3,000 dollars an ounce, although it drops a slight 0.03% to 3,040.40 dollars.
The euro drops 0.57% against the dollar until they leave the exchange rate by $ 1,0845 for each single currency.
In the fixed income, the profitability of the bonds are maintained downward after meeting yesterday of the FED, with the reference bonus to ten years offering a secondary market yield of 4,195%.