New York (AP) – Wall Street on Monday at the beginning of the week increased to other records that could show that the large rally of the US stock market was exaggerated or a harbinger.
S&P 500 climbed to 0.5% and exceeded the previous history last week. The industrial average Dow Jones increased by 49 points, ie 0.1%, and NASDAQ composite added 0.9% to its own record.
Tesla has helped lead the way and rose by 3.6% after Elon Musk Boudgh’s shares worth about $ 1 billion through confidence. The company’s stock price has come to the day with a slight loss per year and the purchase could be a signal of Musk’s belief in it.
The alphabet was the only level of force that raised the S&P 500 after gaining 4.5%, which is a total value for Google’s parent company over $ 3 trillion. NVIDIA, Microsoft and Apple are the only other Wall Street companies that are worth it.
The main market event in a week will arrive on Wednesday. At that time, the federal reserve system will announce its latest interest rates and unanimous expectations for the first reduction of the year. Such a step could put Kickstart in the labor market that slowed down.
However, the shares are already on Wednesday’s records that there is a reduction on Wednesday. Expectations are also high that the Fed will maintain a reduction by the end of this year and by 2026.
Therefore, there will be more attention to what Fed Flesh Jerome Powell says at his press conference after the decision than the decision itself. Fed officials will also publish their latest projections for Wheres See Interest Rate and Economy in the coming years, which could provide another potential flash point.
What keeps the Fed on Guard is possible to jump in inflation due to President Donald Trump’s tariffs. This is because lower interest rates can provide inflation and send it even higher. And inflation has already shown problems with the reaches of 2% of the Fed goal.
Another threat to Wall Street is if the labor market slows down too much. In this box, the revision could create corporate profits that are steep enough to flood the benefits that lower interest in the near future.
Meanwhile, Trump pushed angry on cuts. He often attacked Powell personally, nicknamed him “too late”, trying to remove one of the Fed governors from his advice.
(Tagstranslate) Wall Street
