Wall Street closed in the green on Thursday, driven by the push of technological values like semiconductor giant Nvidia after the US Federal Reserve (Fed) announced yesterday its long-awaited interest rate cut, which was finally reduced by half a point.
Behind him bell ringingthe Nasdaq rose 2.51% to 18,013 points, while the Dow Jones Industrial Average and the S&P 500 index reached new historical highs, with increases of 1.26% (to 42,025 points) and 1.70% (to 5,713 points), respectively.
The Fed yesterday placed the reference rate of the types in a range of 4.75% to 5% in its goal of getting inflation close to 2%.
- So, in addition to Nvidia -which closed with a rise of 4%-, other important ones technology companies such as AMD (5.70%), Meta (3.93%), Apple (3.7%), Micron (2.18%) and Alphabet (1.46%) concluded with notable advances, showing that investors are more open to risk operations after the Fed’s decision.
In fact, the technology sector was the one that rose the most at the close of today’s session (3.10%), followed by non-essential goods (2.2%) and communications (1.88%).
“The rate cut was the missing piece in the puzzle that, in our opinion, led many investors to give the green light to the operations of technological growth “through the end of the year and into 2025,” analysts at financial advisory firm Wedbush Securities agreed in a statement today.
For his part, Timothy Chubb, Chief Investment Officer Girard Advisory Services said the rally was not a surprise.
“It’s not surprising to see markets bounce back pretty well today. We were getting a little long in the tooth with some of the forecasts.” profit growth“, he said.
Dole
In addition, weekly applications were announced today. dole in the US, which fell to 219,000 – a reduction of 12,000 from the last publication – below estimates.
Among the 30 values of the Dowalso experienced considerable growth Salesforce (5.37%), Caterpillar (5.12%), Goldman Sachs (3.97%); with declines for Coca-cola (-1.57%) and Procter & Gamble (-1.37%).
In other markets, the treasury bond At 10 years it fell to 3,717%, gold was at $2,612 an ounce and the euro was trading at $1,116.
