Wall Street ended the trading floor high with Iran’s ‘contained’ retaliation for US attacks over the weekend (Image: Reuters/Lucas Jackson/File Photo
Wall Street It began the session on Monday (23) falling, but recovered their breath ended in light high. Iran’s “contained” retaliation for US attacks at the end of the week and the expectation of interest on interest for Federal Reserve (Fed) They moved the trading session.
Check out how the New York rates closed:
- S&P 500: +0.96%at 6,025.17 points;
- Dow Jones: +0.89%, at 42,581.78 points;
- NASDAQ: +0.94%, at 19.630.98 points.
What moved with Wall Street today?
The attention of investors of Wall Street They focused on the Middle East, in fear of climbing tensions between Israel and Iran.
Last Saturday (20), the United States officially entered the conflict after an attack on three Iranian nuclear facilities. The Persian country retaliated the US on Monday afternoon (23) with short and medium range missiles towards the US military base Qatar.
The Iranian offensive, however, was smaller From what expected, with the perception that Tehran’s attack was “symbolic” and that the possibility of closing the Strait of Ormuz became more distant.
According to a US authority to the Reuters news agency, no missile has reached the US Military Air Base in Al Udeid in Qatar. US President Donald Trump said Iran’s response was “very weak.”
The positive tone of US indices was also sponsored by the expectation of Interest Cut. The Vice President of Fed Supervision, Michelle BowmanHe said the moment of cutting interest rates may be approaching.
“It’s time to consider interest rate adjustment,” Bowman said in a text prepared for a meeting held in Prague, Czech Republic.
“If inflationary pressures remain contained, I would support the reduction of the monetary policy rate at our next meeting, in order to bring it closer to its neutral configuration and support a healthy job market.”
Last week, the US BC maintained interest rates between 4.25% and 4.50% and the forecast of up to two cuts of 0.25 base points at the end of the year.
The directors remained in the “waiting to see” mode amid considerable economic uncertainty created by the trade policy implemented by President Trump in early April.
Source: Moneytimes
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