The Dow Jones index rises 939 points or 2.10% to 45,724.59 points. The most bullish value is Caterpillar, which scores 4%, while Verizon Comm is the lowest (-0.64%). The S&P 500 advances 1.67%, at 6,476.51 points, while NASDAQ rises 2.01% to 21,525.41 points.
Wall Street comes from a day downward yesterday, with Dow Jones giving 0.34% to the closure. The Nasdaq technological one dropped another 0.34% and the S&P 500 dropped 0.40% in what was its fifth consecutive day of falls.
In general, the market has been under pressure this week. Until Thursday, the three main rates were a week of losses: the S&P 500 has dropped 1.2%, while Nasdaq has dropped 2.4%. The Dow Jones is heading to a fall of approximately 0.4%.
All eyes were placed today in the speech of the president of the Fed, Jerome Powell, in Jackson Hole. His words were presumed indispensable to clarify the perspectives on interest rates in the coming months. And they seem to have content investors: Powell has opened the door timidly to a type cut, although he has warned that the high uncertainty hinders the work of those responsible for monetary policy.
In his expected speech, the president of the Central Bank has indicated that «the risk balance seems to be changing» between the two objectives of the Fed (full employment and stable prices), due to «radical changes» in fiscal, commercial and immigration policies. In this environment, he has called «proceed with caution while we consider changes in our monetary policy position.» “However, with policy in restrictive territory, the reference perspectives and the changing balance of risks They could justify an adjustment of our monetary policy position”He recognized.
After these words, market operators raise Above 90% the probability that at the September meeting there is an interest rate cut of 25 percentage pointsaccording to the Fedwatch tool of CME Group. Before the speech, the percentage moved around 70%.
In the fixed income, always very aware of monetary policy, the profitability of the US bonus at ten years to mark 4,253%, when during the morning it had moved by 4.33%.
Protagonists of Wall Street: Nvidia, Alphabet and more
Beyond Powell, among the leading values of the day, Nvidia’s actions had opened down after the chips manufacturer has asked Foxconn to suspend the development of the H20 artificial intelligence chipthe most advanced product that the company can sell to China.
The most valuable company in the world will present its quarterly results next week (August 27). Waiting for this report, Morgan Stanley analyst Joseph Moore has given Nvidia’s recommendation to “overcome” its target price of 200 to 206 dollars.
Without leaving the technological sector, Alphabet, Google’s parent company, rises 1.45% after publishing that the company has closed a six -year cloud computing agreement with Platforms Meta for a value of more than 10,000 million dollars. Meta actions rise 0.2%.
ZOOM COMMUNICATIONS WASHING ADVANCES OF MORE THAN 4% After the company has put on the table Added earnings of $ 1.53 per share of revenues of 1,220 million dollars in his second quarter of the year. The consensus of analysts anticipated earnings of $ 1.37 per share and income of $ 1.2 billion.
The actions of the Ross Stores retail chain rise 3.5%. The company obtained $ 1.56 profits per shareexceeding the provision of $ 1.54 per market action. However, he reported $ 5,230 million in revenues for the second quarter, below the consensus estimate of 5,570 million.
Workday falls 5.5% in the New York morning despite the fact that the human resources software provider presented last night Some forecasts consistent with the expectations for the current quarter. The company provides that the subscription income of the third quarter to reach 2,240 million dollars, in line with the expectations of analysts, and that the adjusted operating margin of the third quarter is 28.0%, just below the consensus of 28.1%.
Intuit reported adjusted profits of $ 2.75 per share on income of $ 3,830 million in its fourth fiscal quarter. The analysts had waited for earnings per share of $ 2.66 over revenue of $ 3,750 million. However, the actions record falls that exceed 7%.
In the recommendations of the analysts, the Guggenheim expert Michael Morris has reduced the council of Paramount Skydance of ‘Buy’ to ‘Neutral’, noting that the recent fluctuations of the action could be disconnected from the company’s reality. Paramount’s shares have risen an impressive 27% this month.
«In general, we believe that unanswered strategic questions remain, in particular those related to the balance between the linear and direct economy economy, as a growing number of DTC applications (direct to the consumer) of the competition (ESPN, Fox One) are made available to the payment television clients with their combined subscription,» says the expert.
In raw material markets, oil prices remain stable this Friday while it seems to fade optimism about an imminent peace agreement between Russia and Ukraine. American West Texas futures rise a slight 0.24% to $ 63.27 per barrel, while the international Brent of international reference is paid at $ 67.74, with a decrease of 0.10%.
Both reference contracts had won more than 1% in the previous session, with the Brent moving 2.8% so far this week and WTI 1.4%. In fact, they are on their way to their first weekly gain in the last three weeks.
The euro rises 0.76% against the dollar today until leaving the exchange rate at $ 1,1693 for each single currency after Powell’s intervention.