PARIS (Reuters) – American stock markets opened higher on Tuesday on Wall Street, in a wait-and-see context before new indicators and new statements from monetary policy officials.
In early trading, the Dow Jones index gained 43.27 points, or 0.12% to 37,349.29 points and the broader Standard & Poor’s 500 rose 0.16% to 4,748.09 points. The Nasdaq Composite takes 0.23% or 34.93 points, to 14,940.128.
Investors continue to bet on future rate cuts from the Federal Reserve, encouraged by accommodative statements from the institution’s chairman, Jerome Powell, last week.
On Monday, Board of Governors member Mary Daly said rate cuts would likely be appropriate in 2024 as inflation eases.
The markets nevertheless remain cautious, because the publication this week of consumer confidence on Wednesday, the final GDP for the third quarter on Thursday and, on Friday, PCE inflation, the consumption of durable goods and the final sentiment index of the Michigan, could qualify investors’ scenario of an imminent drop in interest rates.
Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee will speak later in the day, and their statements could liven up the discussions.
At the values, Google agreed to pay $700 million and allow greater competition on its online store of smartphone applications, the Play store, according to an agreement reached to settle an antitrust dispute. The title gains 0.8%.
*For values ​​to track, click
(Written by Corentin Chappron, edited by Kate Entringer)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
