Wall Street indicators climb with investor investments from government uncertainty

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(Reuters) -Street indexes closed on Monday with gains on the Nasdaq Stock Exchange, where investors bought heavy weight technology shares and ignored the uncertainty in closing the potential US government and hawks notes from federal reserve officials.

Technology provided the largest batch of S&P normative, as investors are betting on growth artificial intelligence And expectations that the Federal Reserve will continue to reduce interest rates because it is struggling with continuous inflation concerns and labor market doubts.

It is the main focus on Wall Street this week a confrontation between Republicans and Democrats on funding that raised the possibility of the government closing from Wednesday, the first day of the new fiscal year of the United States government.

Lindsey Bell, chief strategy in 248 projects in Charlotte, North Carolina, said that with the Ministry of Labor’s willingness to a possible delay in the September job report in the event of closing, this does not seem to be the main driver of the market.

“Investors cling to the positives,” Bell said, noting the evaluation of hopes and signs of economic flexibility from modern publications, including housing market data and consumer spending data.

“The market will not be launched on the moon, because this is a danger. But investors can consider the possibility of closing, because if this happens, it is possible that it will be solved quickly and the market can resume focus on things that are of interest, such as profits, monetary policy, and cash investments.”

Although the closures did not tend to influence the results of companies historically, the imminent threat may have limited gains and continued to circulate the light of Monday, according to Bronz Makini, Governor Manager and NFJ Investment Group in Dallas, Texas.

“The only reason that makes him really move the markets is that if it affects the end result,” McKini said. “Historically, government closure is brief and has no effect on profitability, so investors tend to be aspiring,” McKini said.

“It is like smoke on the racetrack. They keep the wheels straight, and they run by stress and move forward through smoke.”

The Dow Jones industrial average increased 68.78 points, or 0.15 %, to 46316.07, the S&P has gained 500 17.51 ​​points, or 0.26 %, to 6661.21, and the nasdaq compound is 107.09 points, or 0.48 %, to 22,591.15.

Investors were also watching FED policy makers on any signs of attention on the potential loss of economic vision in the event of closing.

Beth Hamak, Chairman of the Cleveland Team, Paet Hamak, said on Monday that the central bank needs to maintain the restricted monetary policy to cool inflation.

The head of the Federal Reserve at St. Louis Alberto Muslim, the voter on interest rates this year, said that it is open to further cuts in interest rates, but the Federal Reserve must be cautious and maintain high rates enough to continue to confirm against inflation, which still serves approximately a percentage above the goal of the central bank of 2 %.

However, traders seek a chance of approximately 89 % to reduce the interest rate of 25 Basis at the next meeting, according to the Fedwatch tool for CME Group.

Of the 11 main industry sectors in the S&P 500, nine advanced. As oil prices drop by more than 3 %, the energy sector was the largest decrease, as it ended 1.9 %. The appreciation of the consumer was the largest percentage of the winning percentage, adding 0.6 %.

But for index points operations, technology was the clear leader with large batches of the captain of the artificial intelligence chip Nafidia2 %, and MicrosoftWhich added 0.6 %.

Bill said from 248 projects, that the shares of electronic arts gathered by 4.5 % after the game’s publisher agreed to be taken in a $ 55 billion deal, providing prospects in the broader deal. “

Lam Research shares advanced 2 % after Deutsche Bank upgraded the classification on the chips equipment to “buy” from “Hold”.

Applovin set a new record before closing it by 6.3 % at $ 712.36, also providing one of the largest S&P 500 elevators. Mooring Stanley raised the target price on the stock to $ 750 from $ 480.

After the American President Donald Trump On Sunday, a video clip that enhances the health benefits of hemp derived from hemp, and the arrows listed in the United States for hemp related to hemp. Parachute growth increased by 17 % to $ 1.57, while the CRONOS group increased by approximately 13 % to $ 2.97 and TILRAY brands jumped by 60.9 % to $ 1.85.

The number of advanced issues exceeded the number of centers by 1.38 to 1 on the New York Stock Exchange, where there were 337 new levels and 80 new levels. S&P 500 38 has published new levels for 52 weeks and six minimum levels, while Nasdaq 116 new levels and 74 new levels have scored.

On the Nasdaq Stock Exchange, 2525 shares rose and 2118 of advanced issues fell, exceeding the number of advanced issues by 1.19 to 1.

On the United States, about 17.91 billion shares were changed compared to an average of 18.25 billion from the last 20 sessions.

(Sinad Caro’s reports in New York, Nikt Nishant and Sogriti Gupta in Bangaluru; Edit by Calvila, Shelby Magmdar and Ricard Chang)