New economic data sends Wall Street higher; The fall of Merval…

Good evening! OsoToro provides you with a daily summary of the markets’ closing

🇺🇸 On the streets of Wall Street:

US stock markets rose for the fourth straight day on Wednesday after another series of economic reports pointing to moderation in growth. These numbers confirm bets that the Federal Reserve is nearing the end of raising interest rates.

The S&P 500 closed with a 0.38% gain, while the Nasdaq Composite Index (CCMPDL) added a 0.54% gain. Apple company (Camel) led gains among technology giants, while regional bank stocks fell After it emerged that the Federal Reserve issued special warnings to lenders with assets between $100 billion and $250 billion in an attempt to tighten supervision.

Investors are reacting to the “bad news is good news” approach and betting on it A slowdown in the economy will lead to a less aggressive Fed.”“This has calmed investors, but adds an element of risk if the pendulum continues to swing, as an earnings recovery is essential for the market to remain strong,” said Mark Hackett, head of investment research at Nationwide.

Today he found out US GDP rose at a revised annual rate of 2.1% In the second quarter – lower than the government’s previous estimates – Amid more moderate business investments. In addition, US companies added the fewest jobs in five months, according to figures released by the ADP Research Institute in collaboration with the Stanford Digital Economics Lab.

“The reality of the current state of the economy is probably somewhere in the middle,” said Jim Baird, chief investment officer at Plant Moran Financial Advisors. “To the extent that investors see any signs that the economy is entering a ‘not too hot, not too cold’ phase that could end Fed tightening, that can be viewed as a positive, at least for a while.”

🌎In the area:

Latin American stock markets ended the trading day today with mixed movements. Argentine stock Merval (MERVAL) broke its upward line and closed with the biggest losses of the day. While Colombian company COLCAP led increases among its peers in the region.

Merval closed with a loss of -1.13%, along with Grupo Supervielle shares (SUVs), BBVA Bank Argentina (Babar(Argentina Telecom Company)Tico2) drives the worst performance of the cycle.

The Ministry of Energy’s decision must be published in the Official Gazette no later than Friday, September 1 any Increased energy service available Electricity for users Residential areas for high-income families and industries and companies classified as major energy users. This is a result of the decline in the official exchange rate. But also the requirements of the International Monetary Fund (IMF).

The Colombian stock market rose by 0.32%, supported by the performance of the energy and public services sectors. Today it was learned that Ecopetrol (ECOPTL), Colombia’s largest company, is preparing investments worth US$1.2 billion over the next seven years with the aim of supplying the country with high-quality gasoline.

Today, the S&P/BVL Peru Index (SPBLPGPT) is offline due to a national holiday.

🍝Dinner information:

Technology giant Apple Inc. (AAPL) is testing the use of 3D printers To produce the steel frame for many upcoming Apple Watches, According to sources familiar with the matter, this will represent an important change in the way the company manufactures its products.

Using this technique, the task of cutting large sheets of metal to form the product will be avoided. In this way, the manufacturing time of the products will be reduced and the environment will be favored by using less materials, These sources explain that I asked not to be mentioned because it is a private project.

If the Apple Watch project works as planned, the company will seek to expand the operation to include more products in the coming years, according to the sources consulted.

➡️Apple is testing 3D printers to manufacture devices in an important business area