Monday , September 26 2022

Finally in the S & P 500 series that comes with the Fed staying …


Finally, the S & P 500 was in the next three days, while the Nasdaq had fallen after two days of profit. Dow Jones went against the trend, indicating peripheral gains.

Stock losses have expanded since the issuing of the Fed's financial policy decisions, which have not changed interest rates as expected overall, but noted that it "expects a further increase in the target range for a reserves rate federal ".

Analystically, the Dow Jones raised 10.92 points to 26,191 units, and the S & P lost 500.06 points or 0.3 percent to 2,806 points. Nasdaq rejected 39.87 points or 0.5% to 7,530 points.

The US Federal Reserve held the short-term interest rate in the range of 2-2.25%. In its announcement after its two-day meeting, the financial authority emphasized the strong economy without reversing market expectations that the next rising interest rates – the fourth consecutive – will be held at the next month's meeting December.

Data from the latest Fed meeting in September shows that the labor market has continued to grow and economic activity is increasing, the Fed's interest rate committee stated in its statement.

The Fed decided in September to raise the interest rate to between 2-2.2%. Today, central bank officials have decided to keep interest rates at the same level, with the unanimous decision of members of the committee.

Yesterday, Wall Street recorded a profit after the result of the mid-term elections of the United States, which was broadly in line with projections, and the elimination of uncertainty, which affected the investment feeling. However, investors will continue to follow developments in the Congress to divide, where Democrats leave House and Representatives control, while Republicans retain their majority in Parliament.

At the same time corporate publications are continuing, with around 87% of the S & P 500 companies that have made the announcements to record a profit increase of more than 25%, according to FactSet data. Although sound financial results have supported the market optimism, along with signs of a strong economy, investors are afraid that constant growth will last for a long time, especially as global growth has "prepared".

At the end of the day, the number of unemployment benefits claims in the United States last week decreased, the latest sign of the "tightly" labor market historically.

Unemployment benefits decreased from 1,000 to the seasonally adjusted figure of 214,000 in the week ending November 3, said the Ministry of Labor. Economists expected 210,000 new applications for unemployment benefits.

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