Wall Street closes in the green due to the impulse of technology; highlights Tesla

Wall Street The negotiations on Monday ended with strong advances. The three main indices closed with positive movements, driven by expectations that the Federal Reserve (Fed) will further ease the pace of rate hikes next week.

the main index Dow Jonesmade up of the shares of 30 industrial giants, moved 0.76% to 33,629.56 units, while the S&P 500of 500 values, advanced 1.19% with 4,019.81 points, and the index Nasdaq technology rose 2.01% to 11,364.41 units.

Shares of big tech companies lifted the market, which extended its rally on Friday at the start of another week of quarterly reporting in which firms like Microsoft y Tesla post your Q4 2022 numbers.

Investors are safely pricing in a 25 basis point hike in the federal funds target rate at the close of the US central bank’s two-day policy meeting, after declining inflation and weak data.

Among the 11 main sectors of the S&P, the behavior of technology companies stood out, whose valuations were affected by the rate hikes. Within the Jones, 22 stocks out of 30 closed in the green, led by Intel, Salesforce and the giant Apple Inc.

Among the notable operations outside the Dow Jones, Tesla gained 7.8% after the CEO, Elon Musktook the stand in the fraud trial related to a tweet saying he had backing to take the electric car firm public.

jose.rivera@eleconomista.mx