Wall Street: Positive reaction with support from the technology industry


The New York Stock Exchange closed with gains today after a meeting with strong changes, as investors’ worries about the impact of the Fed’s aggressive rate hike on inflation will not be allayed.

The Dow Jones industrial average closed with a rise of 194.23 points (+ 0.64%), to 30,677.36 points.

The Nasdaq index, which is dominated by securities of technology companies, gained impressions and closed with an increase of 179.11 points (+ 1.62%), to 11,232.19 points.

Indicatively, Apple strengthened by 2.16%, Microsoft by 2.2%, Amazon by 3.2% and its Facebook parent Meta by 1.9%.

The broader S&P 500 index, indicative of the general trend, closed with an increase of 35.84 points (+ 0.95%), to 3,795.73 points.

At the end of the day, in employment, the number of Americans applying for unemployment benefits fell to 229,000 in the week ended June 18 from 231,000 a week earlier. Analysts forecast a drop to 226,000

The average number of unemployment benefit applications in the last four weeks has risen to 223,500 from 219,000 a week earlier.

In addition, economic activity in the US slowed significantly in June. S&P Global said the composite PMI, which tracks manufacturing and services activity, plunged to 51.2 points this month, up from 53.6 in May. This is the lowest level in the last five months.

Meanwhile, US bond yields remained on a downward trajectory as the 10-year fell 10 basis points to 3.05% and the 2-year moved four basis points lower to 3%.

In the commodity market, the price of crude WTI fell 1.8% to $ 104.27 and the price of gold fell 0.5% to $ 1,829 / oz.

In the foreign exchange market, the dollar fell 0.5% against the euro to $ 1.0520.

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