Wall Street is born after Powell | financial

The Dow Jones index rose 2% to 25,338 points around 7:30 pm (Dutch time). The S & P 500 broadly gained 1.7% to 2726 points and the Nasdaq technology advisor gained 2.1% to 7230 points

The central banker Powell said that interest rates included in the United States were only slightly below the neutral level. This has provoked speculation on Wall Street that the Federal Reserve could pause earlier than expected to gradually raise interest rates.

Chinese tourists

Tensions between China and the United States also seem to ease. do not worry. An industrial group such as Caterpillar and Boeing, which supplies many planes to Chinese airlines, was very popular with around 4% of sales. The quarterly figures of the company were much better than those calculated on average by connoisseurs. The Tiffany jewelry chain had only 11% less. Chinese tourists in particular keep their hands on the reduction.

Acquisition

Ford (more than 0.6%) also attracts attention. The automaker has announced several changes in the organization. With that, Ford wants to reduce costs and increase production. Unlike its industry counterpart, General Motors (GM), which lost more than 14,000 jobs earlier this week, Ford will not lose any jobs.

The Sears channel lost 1.6%. According to reports, a hedge fund of President Eddie Lampert and investor Cyrus Capital Partners is preparing a buyout to keep Sears afloat.

The euro was worth 1,1373 USD, against 1,1284 USD for the fence. European stock markets earlier in the day. A barrel of American oil became 1% cheaper at $ 51.09. The price of a barrel of brent fell by 0.9% to 59.73 dollars per barrel