Wednesday , June 16 2021

Street streets are flooded as the Fed points to a slower increase in interest rates

"He admits that if you are creating interest rates today, you really will not feel any effects over a period of 12 to 18 months," said Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors.


"The sharpening of global central banks was probably the biggest risk for capital investors to face in the next four quarters, so the Fed chairman exited and suggested that it is almost certainly a welcome news."

The S & P 500 index increased by 44 points, or 1.7 percent, to 2,727 from 3 hours. Eastern weather. The S & P 500 gained 3.6 percent this week, but would still need to increase another 7 percent to return to a record high level since the end of September.

The industrial average of Dow Jones jumped 488 points, or 2 percent, to 25,236. The Nasdaq Composite increased by 159 points, or 2.3 percent, to 7,242. The Russell 2000 index of small business shares gained 29 points, or 2 percent, to 1,522.

After the initial fall, bond prices have risen, sending yields lower. Return on ten-year treasury interest dropped to 3.04 percent from 3.07 percent earlier in the day. On Tuesday it was 3.05 percent. The yield on the two-year note fell to 2.79 percent from 2.81 percent.

Jerome Powell, president of the US Federal Reserve.

Jerome Powell, president of the US Federal Reserve.Credit:Bloomberg

The dollar has weakened, which has increased metal prices. The ICE dollar index lost 0.6%.

Salesforce software development software grew 8.5 percent to $ 1,338 after earnings and revenues were stronger than expected analysts. This has helped pull out technology companies. Adobe software maker increased by 6.4% to $ 247.15. Apple rose 2.9 percent to $ 1,719.31, and Microsoft rose 2.7 percent to $ 101.

Typhans picked up 12 percent to $ 92.31 after saying that foreign tourists, especially from China, did not spend as much in their stores in their last quarter. This contributed to disappointing sales for the company. Chinese economic growth slowed down as the government attracted bank lending last year, which was part of an effort to reduce rising debt. The US-China trade dispute also contributed to the slowdown.

Signet Jewelers lost 3% to $ 51.21.

Jam and packaged food manufacturer J.M. Smucker fell 7.5 percent to $ 101 after publishing smaller profits and less revenue than analysts expected. Smuker also compared his predictions for the whole year.

Boing has recovered traces of its recent losses as investigators in Indonesia discussed their investigation into the fall of the Boeing 737 MAX 8. The Indonesian authorities have said they are still trying to understand why the plane crashed, but added that the defective equipment and carrier Lion Air The failures of pilots fought to control the plane, because on July 28, they fell into the Java Sea, killing all 189 people on board.

MAX is Boeing's newest aircraft, and the drop issues have pulled Boeing's amount down. Oil rose 4.4 percent to $ 3.35 on Wednesday, but is still down 11 percent since November 8, when federal regulators gave an emergency directive that tells pillols how to solve the inaccurate sensor data Maybe it was defective during the summer. Pilots for US airlines said they were not told about a new feature in MAX that could tilted the nose sharply if the sensors showed that the plane would stop.

The dollar fell to 113.53 yen with 113.79 yen. The euro has risen to $ 13.1376 from $ 1.1296.

Benchmark USA decreased 2.5% to $ 50.29 a barrel in New York. Crude Brent crude, a standard for international oil prices, sank 2.4 percent to $ 58.76 a barrel in London.

Large gasoline lost 1.6 percent to $ US1.40 per gallon. Oil fuel fell 2.5 percent to $ 1.84 per gallon. Natural gas increased by 10.6 percent to $ 14.72 per 1,000 cubic meters.

Gold rose 0.8 percent and amounted to $ 1,223.60 per ounce. Silver jumped 1.7 percent to $ 14.33 per ounce. The copper rose by 3.3 percent to $ US2,80 per kilogram.

The FTSE 100 in Britain dropped by 0.2 percent, while the German DAX lost 0.1 percent. French CAC 40 has changed slightly.

Japanese benchmark Nikkei 225 rose 1%, and Kospi from South Korea weakened by 0.4%. Hong Kong's Hang Seng added 1.3 percent.

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