Wall Street: Wall Street ends the week up with the Fed and Apple

by Abigail Summerville and Purevi Agarwal

(Reuters) – The New York Stock Exchange concluded on Friday with an increase session one week punctuated by records with the prospect of a monetary relaxation cycle in the United States after the drop in rate decided by the Federal Reserve on Wednesday, while the artificial intelligence sector is once again an interest.

The Dow Jones index won 0.37%, or 172.85 points, at 46,315.27 points. The Standard & Poor’s 500, wider and main reference of investors, took 32.40 points, or 0.49% to 6,664.36 points. The Nasdaq Composite, with a strong technological component, advanced on its side of 160.75 points, or 0.72% to 22,631.476 points.

Over the week, the DOW won 1.05%, the S&P 1.22%and the NASDAQ 2.21%.

For the S & P-500 and the NASDAQ, it is a third consecutive week of progression when September is traditionally difficult for the American action markets.

Beyond the momentum provided by the drop in rate of the Fed, the technological sector benefits again from the benevolence of investors.

Heavy vehicle on the side, Apple was carried by an increase in the course objective from JPMorgan and took 3.2%. Palantant Technologies climbed 3% and oracle by 4%.

Fedex, a specialist in parcel delivery, won 2.32% after the publication of a turnover and a quarterly benefit greater than expectations, thanks to a reduction in costs and a dynamic American market despite the weakness of volumes internationally.

(Abigail Summerville in New York and Purevi Agarwal and Sukriti Gupta in Bangalore, Bertrand Boucey)