S&P 500 increased by 0.2 % and was on the right path to determine the highest level ever For the second day in a row. the Dao The Jones industrial average decreased 221 points, or 0.5 %, as of 2:33 pm Each time, and Nasdak The boat did not change mostly after both were appointed the day before.
The stocks were reaching the records in a large part of them because the Wall Street expected the economy to remove a sensitive budget law: Sufficiently slow To persuade Federal Reserve to reduce interest ratesBut not to the extent that it causes stagnation, all while inflation remains under control.
Many things should go properly until this happens, and a encouraging signal came from a Wednesday report showing that inflation at the American sentence level was unexpectedly slowing in August. It is a relief from the following months of reports that indicate that inflation will be difficult to obtain the goal of the Federal Reserve of 2 %, with President Donald Trump’s tariff Set to add upward pressure only to prices.
There is a more important report that is Thursday, which will clarify the extent of inflation for American families, but the Wednesday update “The red carpet was mainly launched to reduce the interest rate next week,” according to Cheris Larkin, Administrative Director, Trading and Investment, at E-TRUADE Morgan Stanley.
Traders were already convinced that the Federal Reserve will provide the first reduction in interest rates this year at its next meeting, but they need inflation data in the meantime to make a moderate clarification enough to not get these expectations. This is because the cuts in interest rates can push inflation up, as well as give the economy Kxstart, and hot inflation can link the hands of the Federal Reserve.
“The broader narration is increasingly established with expectations that the Federal Reserve will provide a reduction in the average at the next week meeting,” said Ahmed Asiri, a research expert in Peteston.
At Wall Street, the technology shares helped to drive the road after Oracle said that AI’s demand is to send his revenues. The CEO of Safra Catz said that Oracle has signed four billion dollars during the last quarter, and is expected to make cloud infrastructure revenues by 77 % to $ 18 billion in this fiscal year. After that, you expect these revenues to rise to $ 144 billion in only four years.
“Amnesty International is changing everything,” said Larry Ellson, President of Oracle, in a statement.
Oracle Stock jumped by 34.4 % and has been likely to go to its best day since 1992, although it also reported the results of the last quarter that appeared only from analysts’ expectations.
Taiwan manufacturing semiconductors Co. ,, Which make the chips used in artificial intelligence and other computing, that its shares circulated in the United States climb by 3.5 % after its revenues said approximately 34 % in August of the previous year.
NafidiaThe chips company, whose shares became the adhesive child in the artificial intelligence boom, increased 3.2 %. It was one of the most powerful individual forces to raise the S&P 500, along with Oracle.
Outside of technology, the Novo Nordsek shares, which traded in the United States, added 0.2 % after the company said behind Wegovy Leight Loss It will reduce 9000 jobs To reduce costs, mostly in her mother country in Denmark. He was competing for more competition in the market to help people with obesity to lose weight.
On the losing side of Wall Street Kan appleWhich helped a 3 % decrease in a lower dow clouds and was the heavier weight on S&P 500. Some analysts said to her Unveiled the new iPhone devices On the previous day there were no surprises and may not pay much for demand.
SummariesWhich helps customers design chips and potatoes, decreased by 35.5 % after reporting the profits to the last quarter, which is less than the expectations of analysts. Likewise, she did her expectations for profit in the current quarter.
clearThe Swedish financial service provider, “Buy Now, Pay Leart”, jumped in his general appearance. The stock, which was $ 40 per share, rose about 15 % after trading on the New York Stock Exchange began on Wednesday afternoon.
In stock markets abroad, indexes were mixed in Europe after they rise across most Asia. KOSPI from South Korea increased by 1.7 %, and Hong Kong Hang Sang rose by 1 % for two of the largest movements.
In the bond market, the return on the cabinet decreased for 10 years to 4.03 % from 4.08 % late on Tuesday after the encouraging report reinforced bulk inflation expectations for coming discounts to interest rates.
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