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US stocks operate higher with positive performance from growth stocks

The main stock indices of the United States operate with cautious gains this Wednesday (7), with actions growth in the lead and Treasury yields declining after a recent rally.

O Nasdaq which brings together tech stocks, leads gains among the major indexes after a streak of seven downswings, the first since November 2016.

The share sale, triggered in August by aggressive comments by the president of the Federal Reserve Jerome Powell, has continued in recent days amid signs of an economic slowdown in Europe and China as well as actions by major central banks determined to curb inflation.

However, this month’s data highlighted the strength of the US economy, leading investors to bet on a 0.75 percentage point interest rate hike by the Fed in late September. Fed fund futures implied that investors were pricing in more than an 80% chance of such a move.

the speech of Powell next Thursday (8), as well as US consumer price data next week, will be analyzed for clues about the path of monetary policy.

At around 12:50 pm, Brasília time, the Dow Jones rose 31,391 points, or 0.79%, while the S&P 500 advanced 0.86%, at 3941.87 points, and the Nasdaq, 0.95%, at 12,125 points.

Nine of the 11 major S&P sectors were trading higher. The energy index fell 2.2%, with the prices of Petroleum pulling back on demand concerns related to looming recession risks. Brent crude has dropped below $90 a barrel.

Source: CNN Brasil

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