[ad_1]
US stocks rose Tuesday after central bank chief Jerome Powell reported that the US central bank would not make drastic changes in monetary policy. During the hearing, Powell said the Federal Reserve would continue to gradually raise interest rates in order to keep inflation close to the target, in a strong US labor market.
-The concern is that when interest rates rise, the market has been reprinted. According to Michael Arone's estimates in State Street Global Advisors at Bloomberg
investors also had to digest the latest round of quarterly figures, which were mixed despite strong growth.
Industrial production
6% in June after declining 0.5% in May, reports the Fed. For the second quarter as a whole, industrial production grew 6.0% a year, the third consecutive quarterly increase.
Industrial sector capacity utilization increased 0.3 percentage points in June to 78.0%. 1.8 percentage points below the long-term average (1972-2017), writes the Fed
The S & P 500 put 0.40% to 2,809.55 points.
Netflix dropped 5.24% after posting quarterly figures that showed a smaller increase in subscribers than expected and lower than expected operating revenues. Indeed, the stock fell by just over 13% and has recovered well.
Despite disappointing numbers, many believe the title is now attractive. JP Morgan analysts raised the price target from $ 385 to $ 415 and repeated the purchase recommendation.
-We believe that lower prices will prove to be an interesting acquisition opportunity, according to analysts Marketwatch
Goldman Sachs fell 0, 16%, despite strong quarterly numbers
Otherwise, Johnson & Johnson 3 reached 25,119.89 points, and 19 of the 30 shares of the index rose.
Nasdaq climbed 0.63% to 7.855.12 points, ending a new all-time record.
Amazon Step 1, 18% after opening in red field
Tesla slowed by 4.06%, after falling 2.75% Monday
Oil Lightweight and Brent oil stood up on Tuesday. Light oil rose 3 cents to 68.09 dollars a barrel while Brent crude rose 28 cents to 72.12 dollars.
Oil prices fell by nearly 10% last week after oil production in Libya is back in full and oil exports from other OPEC countries and Russia increased. This is happening at the same time that trade disputes between the United States and China threaten to reduce the increase in oil demand.
See also: Brent Trend Brot
The VIX index fell 6.31% to 12.02. percent to $ 1,227.90.
[ad_2]
Source link
