Rise to Wall Street due to technology profits

Increased the shares of the USA Following a series of earnings scored by the shares of technological corporate giants in Wall Streetwith the main indicators close to eliminating the losses caused by the duties.

The S&P 500 and the Nasdaq 100 have limited previous winnings on Wall Street, but the latter still remains more than 1% higher, according to Bloomberg. Microsoft and Meta have jumped thanks to the optimistic results. A report that the US is considering relaxing the restrictions on Nvidia’s sales in the United Arab Emirates has pushed the shares higher.

Government bond yields increased, with the 10 -year interest rate ranging to around 4.22%. The dollar went up after reports that Donald Trump’s government approached China to launch duties.

Technology profits greatly lead to optimism in markets, along with expectations that trade agreements will offer many countries suspended from the highest duties first on April 2. National Economic Council Director Kevin Hasset, saying that the Trump government is making progress in tariff talks – and awaiting new ones by the end of the day – has also reinforced the climate.

Source link

Leave a Comment