Wall Street has been on the rise for a long time


Stock markets on Wall Street opened higher on Wednesday. The previous three trading days in the United States have ended in a decline, the head of the central bank, the Fed Jerome Powellin after speaking last Friday in Jackson Hole about the central bank’s inflation outlook.

The S&P 500 index, which broadly describes the US market, was up 0.3 percent.

Fed’s Cleveland Director Loretta Master told CNBC:n that he believes the central bank will raise its key interest rates to more than four percent at the beginning of next year and will keep them there at least through 2023.

A technology company HP:n the course was down 4.8 percent at $29.64 after the company announced its weak second-quarter results. The company’s earnings per share came in line with forecasts at $1.04, but revenue of $14.7 billion fell short of forecasts.

The technology-driven Nasdaq was up 0.8 percent and the Dow Jones was up 0.1 percent.

In the United States, the number of jobs in the private sector increased by only 132,000 jobs in August, while forecasts expected the number to increase by 300,000. In July, growth occurred by 270,000 jobs.

The Chicago purchasing managers’ index reached 52.2 in August, when forecasts expected a reading of 52.1.


Source: Arvopaperi by www.arvopaperi.fi.

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