PARIS (Reuters) – The New York Stock Exchange rose at the opening on Thursday, after comments from monetary policy makers and two indicators suggesting that the American economy remains strong.
In early trading, the Dow Jones index gained 128.55 points, or 0.34% to 37,881.86 points and the broader Standard & Poor’s 500 rose 0.24% to 5,034.34 points. The Nasdaq Composite takes 0.14% or 25.41 points, to 15,704.938.
Cleveland Federal Reserve President Loretta Mester said she expects lower price pressures this year, which will allow the Fed to lower rates.
Conversely, manager Michelle Bowman expressed doubts about the trajectory of inflation and the level of rates.
Comments from members of the board of governors John Williams and Raphael Bostic, expected later in the day, could liven up the discussions.
New jobless claims stabilized at a low level last week, the latest figures released by the Labor Department showed.
Furthermore, the “Philly Fed” activity indicator grew more strongly than expected by the consensus, the economy remaining robust despite the rate increases.
In terms of values, TSMC lost 5.3% despite a turnover up 9% in the first quarter, supported by demand from the artificial intelligence sector.
(Written by Corentin Chappron, edited by Jean-Stéphane Brosse)
Copyright © 2024 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.
