Possible moderation of interest rate hikes by the Fed floods Wall Street in the green

Wall Street It is dyed green. Its main index, Dow Jones Industrials, is up 2.47% after a day of rebound marked by quarterly results and the prospect. Federal Reserve (Federal Reserve) moderates in his state monetary policy. When the bell sounded on the New York Stock Exchange, the Dow Jones added 748.97 points to 31,082.56. The a la carte S&P 500 offers 2.37% or 86.97 units, up to 3752.75. The Nasdaq Composite Index, which includes technology companies, rose 2.31%, or 244.87 points, to 10,859.72 points.

This behavior led Wall Street to post its best week since June with gains of around 5% in its major indices. “This week’s data shows that while the US economy has remained resilient so far, aggressive monetary policy It sure is Began to influence key sectorsRegardless of monetary policy, quarterly earnings season has been in the spotlight on Wall Street all week and will be nextwhen the accounts of some of the largest companies in the country, including many technology companies, are programmed.

Parquet New York started today with gains that accelerated at the close of operations, Relying on a report The US central bank is concerned about the impact of raising interest rates Interest rates in the economy. According to the “Wall Street Journal,” the Fed is expected to raise interest rates by 0.75% in November but is assessing Possibility to moderate uploads soon To reduce the risk of a severe recession, although inflation is still a concern.

The 10-year Treasury yield, which was at 4.337% this morning, a maximum we haven’t seen since 2008, has faded after knowing this perspective, While from the paper for two yearsWhich is considered more sensitive to higher interest rates, fell to 4.48%. Investors reacted to a new set of worse-than-expected quarterly results, very negative in the case of the technology company Snap, which fell by 28%, and to a lesser extent in the Verizon group (-4.46%) or American Express. (-1.67%).

All sectors ended with gains on Friday, led by basic materials (3.46%), financials (2.92%), non-essential goods (2.92%) and energy (2.76%). Among the thirty listed Dow Jonestheir progress was observed Larva (6.07%, JP Morgan (5.25%), Goldman Sachs (4.60%) and Dow company (4.32%). In other markets, the price of Texas oil reached $85.05 a barrel, and at the close of Wall Street, gold rose to $1659.40 an ounce and the dollar lost its strength against the euro, with a change of 0.9859.