Major US stock indices are trading higher on Monday morning. The actions in wall street progress on an erratic login, after a negative open because the performance of the Treasury bond rose on expectations of tighter monetary policy.
The reference index S&P 500, of the top 500 issuers, moved 0.21% to 4,401.97 units. The dow jones, of 30 industrial giants, gains 0.17% and stands at a level of 34,510.22 units. The index nasdaqwith a high technological component, rises 0.26% to reach the level of 13,385.45 points.
U.S. Treasury yields hit a three-year high as investors adjust their portfolios on bets that the Federal Reserve will aggressively raise interest rates to curb rising inflation, which is at a 40-year high.
Among the stations, stand out Bank of Americathe second largest bank in the United States, whose shares rise 2.73% after a positive quarterly report that, although it showed a 12% decrease in net profit compared to the same quarter of 2021, exceeded market expectations.