Stocks rose more than 1% after Powell assured that a rate hike at the Fed’s next meeting was “unlikely,” but they erased those gains within minutes.
Wall Street closed mixed session marked by volatility. US stocks traded slightly lower for most of the day, but after Fed Chairman Jerome Powellwhile assuring that it is “unlikely that the next step in tariff policy will be an increase” in interest rates, these they grew by more than 1%
.However, these achievements disappeared in a matter of minutes, and both Nasdaq How S&P 500 index They ended the day down 0.33% and 0.34%, respectively.
Big tech companies have been victims of these ups and downs. Amazonwhich rose more than 5% after better-than-expected results, closed up 2.21%. Alphabet barely advanced 0.6% after rising more than 2% and Nvidia The drop from 1% dropped to 3.93%.
He Dow Jones They were the only team to avoid the red numbers, scoring 0.23% to 37,903 points. Johnson & Johnson, Amazon and Boeing supervised the achievements in selection, while Nike, American Express and IBM
These were the most punished values.Facing the volatility of the New York stock market, profitability US debt After Powell’s words, it declined and fell from above 4.7% to below 4.64%.
On the raw materials market ounce of gold Its reaction was similar to that of the stock, and after part of the rally it ended at $2,323. He West Texas BarrelThe US benchmark fell 3.3% to $79 after oil inventories rose by more than 4 million barrels last week.
He bitcoin It continues without stopping last month’s decline and is already trading at $57,000, down another 3%.
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