Wall Street rebounded from Wednesday’s session lows, with the S&P 500 index crossing into positive territory at the close of trading after the Fed released the minutes of its latest policy meeting. monetary.
The document showed that while the Fed intends to start raising interest rates to fight inflation, its decisions would be made at each meeting.
“The fact that the Fed has not been more hawkish than previously thought seems to have paid off,” said Lou Brien, strategist at DRW Trading in Chicago. “The market was concerned that Bullard’s (St. Louis Fed Chairman James) aggressive stance was more pervasive, but that doesn’t seem to be the case.”
All three major U.S. stock indices spent most of the session lower, as investors grappled with geopolitical tensions and a slew of data suggesting a strengthening in the U.S. economy, which would support the Fed’s case for a aggressive rise in interest rates.
The S&P 500 index closed up 0.09% at 4,475.01 points. The Dow Jones fell 0.16% to 34,934.27 points. The Nasdaq Composite technology index fell 0.11% to 14,124.10 points.
Eight of the top 11 sectors in the S&P 500 posted gains, with energy stocks the best performers. Technology and communication services were the only ones with losses, and the finance sector was stable.
Source: CNN Brasil
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