(Reuters) – The New York Stock Exchange opened slightly on Wednesday, while investors continue to analyze the prudent remarks of the President of the Federal Reserve (Fed), Jerome Powell, on the evolution of rates, and before the publication of new data on the American economy.
In the first exchanges, the Dow Jones index earns 87.52 points, or 0.19%, at 46,380.30 points and the Standard & Poor’s 500, wider, increased from 0.20% to 6,670.02 points.
The Nasdaq Composite takes 0.35%, or 79.58 points, at 22,653.05 points.
Wall Street evolves in small increases when opening after a closure in red the day before, recent comments from Fed officials, including those of its president, having aroused a certain distrust and highlighted the divergences within the institution as to the monetary policy that the central bank must lead to protect the labor market without compromising the fight against inflation.
Jerome Powell admitted Tuesday that the American Fed was in a “difficult situation” to reconcile the risks, but he refrained from taking sides in the debate between members of the institution, some advocating more aggressive reductions to support the job market, while others call for moderation in order to avoid a recovery of inflation.
After the long -awaited reduction of 25 base points decided by the FED last week, investors mainly hope for new decreases this year in order to maintain the recovery, and in particular a quarter of a quarter in each of the last two monetary policy meetings planned this year.
“The bias is so marked in favor of an ultra accommodating policy that any gap in the comments can cause a fluctuation in feeling,” said Daniela Sabin Hathorn, analyst at Capital.com in a note.
The publication on Friday of the price of personal consumer expenditure (PCE), the preferred inflation indicator of the Fed, should help shape the anticipations of the traders.
The final figures for American GDP in the second quarter, scheduled for Thursday, and data on the real estate market expected on Wednesday shortly after opening could also react the markets.
To values, the manufacturer of Micron fleas fell 2.2% in the first exchanges after the publication of its quarterly results.
The Alibaba Action listed in New York is advancing more than 8% after the Chinese electronic commerce giant announced on Wednesday a partnership with NVIDIA, projects to expand its data centers and the launch of its largest artificial intelligence language model.
The Oracle action yields 1.3% after the Bloomberg agency reported that the group was trying to raise $ 15 billion thanks to the sale of corporate bonds.
Lithium Americas flies over 86%, Reuters having reported that the US administration plans to participate in the capital of the company of up to 10%.
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(Written by Diana Mandiá, edited by Kate Entringer)
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