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Wall st way increase before:
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The term contracts are increasing: DOW 0.29%, S&P 500 0.20%, Nasdaq 0.14%
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Alphabet concludes an agreement of $ 10 billion with Meta. For example, the shares are up
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Intial falls after announcing growth in turnover of the 1st quarter lower than estimates
(Update before the market opening) by Shashwat Chauhan and Sanchayaita Roy
The main Wall Street indices should open up on Friday after a recent series of losses, investors awaiting the speech of the president of the Federal wall st way increase before Reserve Jerome Powell at the Jackson Hole symposium to have indications on the
Interest rate trajectory. Meanwhile,
During the Wyoming research conference last year. Consequently, Powell had promised to lower the rates and support the job market when the unemployment rate would begin to increase, while in 2022, he highlighted the rigor of the central bank in the fight against inflation. Furthermore,
Lediscours by Mr. Furthermore, Powell. Meanwhile, expected at 10 am (Eastern time), could prove decisive for the forecasts for lower interest rates for the month of September. Furthermore,
Michael Matousek, chief trader at US Global Investors, said Powell was going to “adopt a cautious approach”.
“Customs rights are really starting to be felt. so he will still be cautious and declare that he wants to examine the data, see how things are going, because the effect of customs wall st way increase before duties was only felt at the beginning of the summer,” said Matousek.
The markets first increased their bets following a low employment report at the beginning of August. after consumer prices have shown a limited increase due to customs duties.
According to the Fedwatch tool of the CME, traders now estimate at 69.5 % the probability of a reduction of 25 basic points next month, compared to 85.4 % a week ago.
Other Fed officials who spoke on Thursday seemed less enthusiastic about the rate reduction next month.
Reports on the profits of large -scale retailers, including Walmart WMT.N at the start of the week. offered a mixed image, investors seeking new signals on the general health of the American consumer in a context of continuous tariff pressures.
In this context. the three main American stock market indices are on wall st way increase before the way to undergo weekly losses, the S&P 500 .SPX and the NASDAQ .IXIC being in the process of achieving their worst weekly performance of the month.
The S&P 500 continued its series of losses for the fifth consecutive day on Thursday. A general fall in heavy technological values has maintained the pressure on American actions this week.
Information technologies. SPLRCT were the most affected subsector of the week, while energy
.Spny and real estate. SPLRCR were in the process of making slight weekly gains.
Meanwhile, UBS Global Wealth Management has raised its end -of -year objective for the S&P 500 from 6,200 to 6,600 points.
At 08:12 am and, the Dow E-Minis YMCV1 increased by 132 points, or 0.29%, the S&P 500 E-Minis ESCV1 won 12.50 points, or 0.20%, and the NASDAQ 100 E-Minis NQCV1 added 32.75 points, or wall st way increase before 0.14%.
Among the main movements, NVIDIA NVDA.O slipped 1.3 % in the exchange before the stock market after the flea manufacturer asked Foxconn 2317.TW to suspend work on the H20 AI chip. the most advanced product that the company is authorized to sell in China.
Alphabet Googl.o, Google’s parent company, won 1.3 % after information that the company has concluded a six -year agreement on cloud computing with Meta Platforms Meta.O worth more than $ 10 billion. Meta’s shares increased by 0.2 %.
Intuits Intu.o fell 6.3% after the Turbotax manufacturer has planned its turnover growth in the first quarter lower than analysts estimates. due to the low performance of its mailchimp marketing platform.
Workday WDAY.O lost 4.4 % after the provider of human resources software provided online prospects for the current quarter.
Wall st way increase before
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