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© Reuters. Traders work on the NYSE in New York
By Stephen Culp
NEW YORK (Reuters) – Wall Street on Thursday announced gains by reversing the losses recorded by the US Federal Reserve at the November meeting of the central bank opened the debate on when to suspend further interest rate hikes.
The three major US indexes rose slightly.
The minutes showed that almost all Fed members were in agreement that another rate hike "would probably be warranted soon", but it also helped to catch up on a series problems that were beginning to weigh. their vision of the economy.
A day earlier, Wall Street was lifted by Fed Chairman Jerome Powell, whom many investors had read as signaling that the Fed's three-year tightening cycle was coming to an end.
"The record seems to correspond to the statement of Powell Yesterday, although a rate hike in December seems almost certainly possible, a revision of the policy is necessary before increasing rates next year", said Randy Frederick, vice-president of trading and derivatives of Charles Schwab (NYSE 🙂 in Austin, Texas.
The Dow Jones Industrial Average () rose 103.51 points, or 0.41%, to 25,469.94 points, the S & P 500 () gained 9.46 points, or 0.34 points. %, at 2,753.25 and the Nasdaq Composite () added 27.87 points, or 0.38%, to 7,319.46.
The benchmark has been on the rise for the health () and energy () sectors (S & P 500).
Investors took a look at the upcoming G20 summit in Buenos Aires, where the US President envisioned Donald Trump was due Meeting with Chinese counterpart Xi Jinping on Saturday to discuss trade tensions between the world's two largest economies .
Trump on Thursday sent contradictory signals about a possible trade deal between the two largest economies in the world.
Technology stocks weigh the heaviest The three major US stock indexes, with the S & P 500 () technology sector down 0.2%.
Interest-sensitive financial products () edged down 0.2%, as 10-year US Treasury yields () continued to fall after Powell's remarks.
Among the major US banks, the shares of JPMorgan Chase & Co (N :), Citigroup Inc. (N :), Bank of America Corp. (N :), Goldman Sachs Group [19659010] Inc (N 🙂 and Morgan Stanley (N 🙂 recorded a decrease of between 0.5 and 1.2%.
There was a wealth of data suggesting a slowdown in economic growth in the United States. The core PCE price index rose 1.8% to the Fed's 2% target, its lowest since February. New jobless claims reached their highest level in six months and pending sales of existing homes dropped unexpectedly, dropping 2.6%.
Twitter Inc (N 🙂 fell 4.2% after a report by Politico that Fox News that boycotted the social media network appeared to fuel concerns over a more negative reaction large.
Dollar Tree Inc (O 🙂 rose 6.5% after the discount retailer said the rates would have minimal impact this year, with its comments offsetting a lack of sales per store and a reduction in forecasts for the whole year.
The shares of Abercrombie & Finch Co (N 🙂 teenwear retailer jumped 20.4% after forecasting better than expected sales for the holiday quarter.
Increasing issues outnumbered declining issues at the NYSE by a ratio of 1.28; on the Nasdaq, a ratio of 1.06 for one favored the advanced.
The S & P 500 recorded 16 new highs in 52 weeks and 3 new lows; the Nasdaq composite recorded 36 new highs and 58 new lows.
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