The S&P 500 and Nasdaq indications have reached Maxime Intraday on Wednesday, after the inflation data in the United States came under expectations, strengthening the federal reserve (FED) will reduce interest this year, reports Reuters, News.ro.
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The prices of US producers decreased unexpectedly in August, especially against the background of lower services, which increased the probability of a 25 -basic reference interest rate at the FED meeting on September 16-17, according to the Fedwatch tool of the CME.
The enthusiasm on the market was also powered by Oracle, whose shares increased by 35%, at a record level – the highest daily jump in 1992 – after the company forecast income contracted over half dollars in the Oracle Infrastructure Oracle Division.
His effect also affected the chip producers: NVIDIA shares climbed by 3.6%, AMD with 3.1%and Broadcom by 6.2%, while the semiconductor index won 2.2%, reaching a record.
The energy suppliers for the data centers benefited from the same trend, with Constellation Energy and Vistra increasing over 5%. In contrast, the decline of actions in the consumer discretionary sector pulled down the Dow Jones index.
At 09:41 AM ET, Dow Jones dropped 0.19% to 45,626 points, S&P 500 earned 0.48% to 6,543 points, and Nasdaq climbs 0.33% to 21,952 points.
Investors are now waiting for the publication of data on Consumer Prices (CPI) on Thursday, for new indications on the trajectory of inflation. Meanwhile, a federal court temporarily blocked President Donald Trump’s attempt to dismiss Fed Lisa Cook, a movement with implications for the independence of the central bank.
Overall, Wall Street had a positive start in September-a usually unfavorable month-while Barclays increased its target for the end of 2025 on the S&P 500 index at 6,450 points, from 6,050.
