Wall rises after Fed statement FinanceAffairs.com

Wall rises after Fed statement  FinanceAffairs.com

After opening slightly lower, all leading US indices are in the green at lunchtime in the US.

  • Industrial heavyweight Dow Jones rose 0.3 percent to 35,437 points.
  • The Nasdaq technology index rose 0.21 percent to 14,270 points.
  • The Standard & Poor’s 500 collective index rose 0.16 percent to 4.4557 points.

The ten-year US government bond yield was unchanged at 4.35 percent. So is the VIX index, also called the fear index, which at 12:30 US time (ET) stands at 12.68.

After a continuous rise that lasted for nearly four weeks in the three main indices, yesterday was a breath of fresh air, as all indices declined. Today, on the other hand, it is once again moving higher in New York.

Dao is about to end November up 7.3 percent, while… Standard & Poor’s 500 It is heading towards an increase of 8.7 percent. Nasdaq It is set to rise by 11.1 percent this month.

Federal Reserve Bank statement

Fed Governor Christopher Waller said earlier Tuesday that policy is “currently well positioned” to slow the economy and return inflation to 2 percent. Waller’s hint that it may become appropriate for the US central bank to cut its key interest rate in the coming months if inflation falls further has raised hopes among investors looking forward to a rate cut in the coming months.

Waller’s comment comes ahead of the Federal Open Market Committee’s policy meeting on the 12th and 13th. December. Here, markets generally expect the committee to maintain interest rate stability.

Freer continues to decline

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On the leader of Dow Jones Boeing With a rise of 1.76 percent after the upgrade from RBC Capital Markets. Analyst Ken Herber believes Boeing’s outlook for 2024 looks better, and expects demand to increase in the future, according to CNBC. Nike And Walmart Both rise by about 1 percent. The S&P 500 is lifted, among other things, by a gold mining company Newmont Company Which rises approximately 5 percent on the rise in gold prices. An ounce of gold traded up 1.5 percent to $2,041 on Tuesday.

Of Norwegian stocks continues Fryer The significant decline in the stock price in recent weeks. Yesterday the share fell by 7.6 percent, and today it is down another 5.6 percent. In one year, the share is now down 89.55 percent.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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