After the dismay at the perspective of the Federal Reserve (Fed) in relation to a possible reversal of monetary policy this year, the main indices in New York ended this Friday’s session on a high.
The main indexes in New York ended the last day of the week in ‘green’, with the technological Nasdaq leading the gains of the session. Although fears about the US economic outlook have haunted Wall Street throughout the week, the three main indices close this Friday, August 20th, in high spirits.
After the dismay at the Federal Reserve’s (Fed) perspective regarding a possible reversal of monetary policy this year, the downward trend has gradually changed and investors are now awaiting the speech Federal Reserve Chairman Jerome Powell, on “the economic outlook,” which comes as early as next week during the annual central bank conference in Kansas City, according to the Fed.
The S&P 500 gains 0.86% to 4,443.60 points. The Nasdaq technology ends up rising 1.19% to 14,714.7 points. The Dow Jones Industrial Index also ended the day in positive territory, rising 0.72% to 34,146.88 points.
In companies, the highlight is the sports footwear retailer, Foot Locker, which ends this Friday’s session with shares up 7.34%, after releasing its results for the quarter ended July 31, where it reported that revenue increased 9.5% to $2.28 billion (€1.8 billion), which ended up surpassing analysts’ estimates that forecast revenues of around $2.09 billion. ,7 billion euros).
The price of a barrel of oil is falling on both sides of the Atlantic. In New York, WTI declined 2.57% to $61.87 a barrel, while Brent is devaluing 2.15% to $65.02 in London.
In the foreign exchange market, the euro appreciated 0.24% against the US dollar to 1.1702 dollars. The British Pound depreciated 0.07% against the US currency to $1.3628.
Source: with Agencies