Wall Street advances awaiting Federal Reserve minutes

The three main indices of the US stock market advance this Wednesday. Wall Street is painted green led by technology companies, while the market awaits the minutes of the most recent monetary policy meeting of the Federal Reserve.

the main index Dow Jones, made up of the shares of 30 industrial giants, moves 0.27% to 34,190.91 points. The reference S&P 500 of 500 components earns 0.56% with 4,026.01 points. The Nasdaq of high technological weight rises 1.01% to 11,287.21 points.

Following a series of comments from officials of the Federal Reserve, Wall Street he expects clues to the central bank’s next steps in the minutes of their meeting. Above all, the market will look for signs of a moderation in the rate of price hikes. interest rates.

In this context, technology stocks sensitive to high rate environments are moving higher. the papers of Applethe largest company by market capitalization, gain 1%, similar to the advance of Microsoft. The actions of Tesla they rise 5.7 percent.

The market is also responding to new claims for unemployment aid, with 240,000 registrations last week. The number was higher than the 225,000 expected by analysts, which could indicate a weakness in the labor market due to rate hikes.

jose.rivera@eleconomista.mx