US stock markets close with solid profits Now

US stock markets posted strong earnings on Wednesday. Investors reacted to a speech by Jerome Powell, chief of the Fed, among others

It is also hoped that the United States and China will come closer at the G20 summit to be held at the end of the week in the ongoing trade dispute. [19659003] The Dow Jones index ended up 2.5% higher at 25,366.43 points. The broad S & P 500 gained 2.3% to 2,743.78 points, which is the biggest advantage of the gauge since March. The Nasdaq Technology Fair gained 3% to 7,291.59 points

Central banker Powell said that interest rates in the United States are only slightly below the neutral level. This led to speculation on Wall Street that the Federal Reserve could take a break earlier than expected by gradually raising interest rates.

The dollar exchange rate has changed considerably. The euro was worth 1,1369 dollars, against 1,1284 dollars at the close of the European stock markets earlier in the day.

Caterpillar and Boeing gained nearly 5%

Tensions between China and the United States also seemed a relief. Large industrial companies such as Caterpillar and Boeing have gained nearly 5%.

The Salesforce software maker also made a price jump of more than 10%. The quarterly figures of the company were much better than those calculated on average by connoisseurs. The Tiffany jewelry chain has fallen by almost 12%. Chinese tourists in particular keep their hands on the cup.

The Sears chain of stores closed 18%. It seems that the hedge funds of President Eddie Lampert and investor Cyrus Capital Partners are preparing a buyout to allow Sears to stay afloat. (19659006) Oil prices fell sharply

Ford (1.4%) also held investors' attention. The automaker has announced several changes in its organization.

Ford wants to reduce costs and increase production. Unlike General Motors (GM), which had already cut 14,000 jobs earlier this week, no job will be lost at Ford.

Oil prices fell sharply. A barrel of US oil became 2.4% cheaper at $ 50.32. The price of a barrel of brent fell by 2.5% to 58.73 dollars per barrel.