Tuesday , August 20 2019
Home / australia / Wall Street increases as the Fed points to a slower interest rate rise

Wall Street increases as the Fed points to a slower interest rate rise



"He admits that if you raise interest rates today, you will not really feel it for 12 to 18 months," said Jack Ablin, chief investment officer for Cresset Wealth Advisers.

Loading

"The stiffness of the global central bank was probably the greatest risk that investors of equity securities faced in the next four quarters, so they are almost ready and welcome, as they departed from the Fed chairman."

S & P 500 Index increased by 44 points, or 1.7 percent to 2727 at noon. 3:00. East time S & P 500 has risen by 3.6 percent this week, but still needs to be reduced by another 7 percent from the end of September.

Dow Jones Industrial Average increased by 488 points, or 2 percent to 25,236. Nasdaq composite material increased by 159 points, or 2.3 percent to 7.242. The Russell 2000 index of small business stocks rose by 29 points, or 2 percent to 1522.

After the initial decrease, bond prices became higher by sending profitability below. Ten-year bond yields dropped to 3,04 percent from 3,07 percent earlier. Last Tuesday it was 3.05 percent. The 2-year bond yield dropped to 2.79 percent from 2.81 percent.

Jerome Powell, President of the Federal Reserve of the United States.

Jerome Powell, President of the Federal Reserve of the United States.Credit:Bloomberg

The dollar fell and metal prices were higher. The ICE US dollar index lost 0.6 percent.

Salesforce's customer management software sales rose by 8.5 percent to USD138.39 after its earnings and earnings were stronger than anticipated analysts. It helped to increase the technology companies. The software maker Adobe has grown by 6.4 percent to $ 247.15. Apple grew by 2.9 percent to $ 179.31 and Microsoft rose 2.7 percent to $ 110.

Tiffany skidded 12 percent to $ 92.31 after it said foreign tourists, especially from China, were not spent on so many stores in their last quarter. This has led to unsatisfactory sales to the company. The economic growth in China has slowed down, as the government lagged behind last year's bank loans in an effort to halt its rapid debt. The US-China trade dispute has also contributed to a slowdown.

Signet jewelers lost 3 percent to $ 51.21.

Umārs and packaged food producer J. M. Smucker fell by 7.5 percent to $ 101 when it reported lower profits and lower revenues than analysts expected. Smucker also compared their forecasts for the full year.

Boeing has recovered from its recent losses as Indonesian investigators in Indonesia discussed their probe in the Boeing 737 MAX 8th crash. The Indonesian authorities have said they are still struggling to understand how the plane fell, but added that it was the damaged equipment and the failure of the carrier "Lion Air" was a pilot who fought for airplane control, since in October it fell into the Java Sea, killing all 189 people on the ship.

MAX is Boeing's newest aircraft, and issues of an accident have blocked the Boeing stock below. The stock rose by 4.4 percent to $ 322.15 on Wednesday, but since November 8, when federal regulators issued an emergency directive, announced to pilots how to handle the wrong data from a sensor that could not operate during the flight has continued to decrease by 11 percent . Pilots to US airlines have said that they were not informed of the MAX's new feature that could soothe their nose rapidly if the sensors indicate that the plane is about to stop.

The dollar fell to 113.53 yen from 113.79 yen. The euro rose to $ 1,1376 from $ 1,1296.

Benchmark US crude fell by 2.5 percent to US $ 50.29 a barrel in New York. Brent crude oil, the international oil price standard, fell 2.4 percent to $ 58.76 a barrel in London.

Wholesale petrol has lost 1.6 percent to $ 1.40 a gallon. The heating oil dropped by 2.5 percent to $ 1.81 per gallon. Natural gas increased by 10.6 percent to $ 14.72 per 1,000 cubic feet.

Gold rose by 0.8% to USD 1 233.60 per ounce. Silver rose 1.7 percent to $ 14.33 an ounce. Copper rose 3.3 percent to US $ 2.80 per pound.

FTSE 100 decreased by 0.2% in the UK and by 0.1% in the German DAX. The French CAC 40 slightly changed.

Japan's benchmark Nikkei 225 rose 1 percent and South Korea's Kospi recovered by 0.4 percent. Hong Kong Hang Seng added 1.3 percent.

Most viewed companies

Loading


Source link