Major U.S. indexes rose in a week marked by negative inflation and employment data, as well as the release of Fed minutes that reflected greater opposition than expected from the giant cut that the central bank applied at its last meeting. . In this context, the soft landing action line set by the Fed is maintained, and already 90% of operators suggest that the body led by Powell will carry out a reduction of 25 basis points in November. In this context, it was the bosses of the North American banking sector who led the largest increases thanks to the vigorous results of companies like JP Morgan and Wells Fargowhich allowed the Dow Jones and the S&P 500 to reach all-time highs.
The Dow Jones is up 0.97% up to 42,863 units, accumulating a weekly increase of 1.24%driven by JP Morgan (+4.49%), Goldman Sachs (+2.62%) and Boeing (+2.57%). For his part, the S&P 500 advances 0.61% up to 5,815 integers, recording a weekly increase of 1.21%powered by Uber (+10.52%), a company that soared after investors flocked to the mobility company, after leaving Tesla (-8.32%) terrified. Elon Musk’s company collapses the day after the presentation of the robotaxi, which left the market frozen.
In addition, the Nasdaq 100 climbs 0.15% up to 20,271 points, accumulating a weekly increase of 1.36%driven by the second swords of indicators like Fastenal (+9.92%), as well as by heavier stocks like Moderna (+3.25%), AMD (2.53%), Marvell (+2.36%) and Super Micro (+2.28%). Additionally, Nvidia fell 0.01%, recording a weekly gain of 7.91%, while Alphabet advanced 0.72%, down 2.29% over the course of a week during which the US Department of Justice proposed the sale of branches of its business to end its abusive dominant position. position in the online search market.
All this in one day when the performance of T-note rose two basis points to 4.08%. In addition, the price of a barrel in Texas fell 0.36% to $75.57. Finally, gold climbed 1.28% to $2,673.
In short, Wall Street is closing party. The main American benchmarks reached new all-time highs in a day marked by the first of the results seasonin which banks debuted with solid revenues. Thus, neither the latest negative inflation data nor the latest weaker employment data affected the price of the indices, but rather it was taken as a sign that The Fed will not accelerate the fall in the price of silvercreating distances from the route that the monetary policy of the European Central Bank could follow.
