(News Bulletin 247) – US equity markets regained some color on Thursday, the day after a sharp decline on the Fed’s announcements: the Dow Jones gained 0.2% to 32,105 points, while the Nasdaq Composite granted itself an increase of 1% to 11,787 points.
On Wednesday, the two US indices had lost around 1.6% following monetary policy decisions by the Fed, which raised its rates by 25 basis points while signaling upcoming rate hikes.
After the remarks of Jerome Powell, the president of the Federal Reserve, the investors nevertheless said to themselves that the institution was probably beginning to approach the end of its rate hike cycle.
The publication on Thursday of fairly solid US economic indicators also revived their hopes of a ‘soft landing’ for growth, considered the ideal scenario from the point of view of financial markets.
Indeed, claims for unemployment benefits fell by 1,000 last week to 191,000, thus demonstrating the continued robustness of employment, and sales of new homes (+1.1%) continued to rise in February.
Regarding values, operators welcomed the quarterly publication of the agrifood group General Mills (+ 2.8%), accompanied by an increase in objectives, and especially that of the consulting group Accenture (+ 7.3%) .
Boeing gained 0.9% as analysts at Wolfe Research considered that the title of the aircraft manufacturer represented a buying opportunity below 200 dollars, a threshold pressed the day before by the value.
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