(Reuters) – The New York Stock Exchange ended up on Friday, led by technological values and the hope of seeing the Fed resolve to reduce its rates.
The Dow Jones index won 0.47%, or 206.97 points, at 44,175.61 points. The larger Standard & Poor’s 500 took 49.45 points, or 0.78% to 6,389.45 points. The Nasdaq Composite advanced on its side of 207.32 points, or 0.98% to 21,450.022 points.
US President Donald Trump announced Thursday that he would appoint the chairman of the White House economic advisers committee, Stephen Miran, to occupy a vacant seat at the Fed during the last months of the corresponding mandate, after the surprise resignation of one of the seven governors, Adriana Kugler.
Stephen Miran shares the point of view of Donald Trump, who criticized the president of the Fed, Jerome Powell, for “too long” to lower interest rates, while growth is maintained and inflation progresses.
“This guarantees a drop in rates during all the meetings that will be held by the end of January,” said Ray Attrill, head of the exchange strategy at National Australia Bank in Sydney.
( Nicolas Delame)
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