The main Wall Street indices closed with small gains on Tuesday, after continuous sign exchanges pending the monetary policy decisions of the Federal Reserve.
The Fed is expected to announce an increase in interest rates by 50 basis points tomorrow after the two-day monetary policy meeting, instead of the traditional increase of 25 basis points, making it the largest rate increase since 2000. The US Federal Reserve is expected to to start at the same time the cycle of shrinking its balance sheet from the level of 8.9 trillion. dollars found today.
Concerns have been mounting in recent weeks about the risk that the Fed will derail economic growth through an overly aggressive policy tightening to curb higher inflation in recent years. Against this backdrop, the Dow Jones and the S&P 500 ended April with the worst losses since March 2020, while for the tech Nasdaq the previous month was the worst since 2008.
Indicators – Statistics
On the board, the Dow Jones gained 67.29 points or 0.20% to 33,128.79 points, while the broader S&P 500 added 20.10 points or 0.48% to 4,175.48 points. The technology Nasdaq strengthened by 27.74 points or 0.22% and closed at 12,563.76 points.
Of the 30 stocks that make up the Dow Jones industrial average, 19 closed with a positive sign and 11 with a negative. The biggest gainer was Boeing with gains of $ 4.97 or 3.34% at $ 153.58, followed by JPMorgan Chase at $ 123.03 with gains of 2.14% and Verizon Communications with gains of 2, 03% at $ 47.17
On the other hand, the three stocks with the biggest losses were Nike (-2.55%), Visa (-1.40%) and Procter & Gamble (-1.37%).
Meanwhile, the yield on the 10-year US is falling to the level of 2.95% after Monday’s jump over and over 3% to the highest level since November 2018.
Investment attention, meanwhile, continues to garner quarterly results, with Pfizer, Biogen and Estee Lauder among the big names announced before the opening of trading. After the market closes, Advanced Micro Devices and Starbucks, among others, announce their results.
Source: Capital
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