The New York Stock Exchange concluded its scattered rankings on Wednesday after comments from US Central Bank (Fed) President Jerome Powell reiterated that inflation is temporary. The Dow Jones It ended up 0.13% at 3,493.33 points Nasdaq It fell 0.22% to 14,644.95 points. The Standard & Poor’s 500Which started with a new session record, concluded with a modest 0.12% advance to 4,374.30 points.
Before a House committee, Jerome Powell once again sought to reassure the evolution of prices, despite another staggering inflation number released on Wednesday. “Markets have taken a cautious approach,” Schwab analysts commented. For Tom Cahill of Ventura Wealth Management, “Investors are wondering how far it will end up for the Fed to admit it understated inflation.” According to him, the central bank “risks losing its credibility.”
In the stock ranks, despite announcing solid earnings, American bank He finished down 2.51%, but his rival Wells Fargo It jumped 3.98%. Delta Air Lines, which posted its first profit since the pandemic, fell 1.57% to $40.68, but American Airlines 3% profit. an Apple It finished the race at an all-time high of $149.15 (+2.41%).
After the reassuring comments of the Federal Reserve Chairman regarding the continuation of monetary policy, interest rates on the US 10-year debt fell to 1.3475% from 1.4166%.
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