New York stock market indexes rose on Wednesday as investors continued to monitor interest rate movements and political reversals Joe Biden as the inauguration approaches.
Blue chip index of Dow Jones shares Intel rose seven percent when the company told the CEO Bob Swanin leaving the post of managing director.
Technology shares Netflix increased by 2.7%, Amazon 1.4 per cent and Apple 1.6 percent.
U.S. 10-year government debt rates have risen sharply over the past five days, prompting some investors to speculate on potential inflationary pressures. They fear the US Federal Reserve will reduce its recovery because of this. However, both the 10-year and 30-year interest rates fell on Wednesday.
The number of coronary infections is increasing both in the United States and abroad. In the United States, at least 247,600 new coronary infections are currently reported daily, according to CNBC. However, many believe the U.S. economy will grow towards the end of the year.
“Both the monetary and economic stimulus should create a strong headwind for the U.S. economy this year. Especially if the pandemic no longer affects the economy in its current way, ”the main strategist Brent Schutte treasurer Northwestern Mutual Wealth Managementilta commented to CNBC.
According to statistics released in the United States, the country’s inflation accelerated to 1.4 percent in December from 1.2 percent a year earlier, while economists predicted inflation to accelerate to 1.3 percent. U.S. inflation has remained below about 2 percent a year.
Bottom consumer prices rose by 1.6 per cent year-on-year in December, in line with both the pace of change in November and economists’ expectations.
The Dow Jones index remained clear (-0.03%), the S&P 500 index rose 0.2 percent and the Nasdaq index rose 0.4 percent.
The 10-year interest rate on U.S. government debt was quoted at 1.090 percent after the stock market closed. One euro received $ 1.2155.
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