The main stock indices of the US market operate with gains. wall Street advances after a flat open, with investors divided between caution over recent gains in prices treasury bond yields and expectations of good results in the first quarter.
The benchmark market index, the S&P 500 of 500 components, advances 0.87% to 4,430.09 points. main index dow jones, made up of the shares of 30 industrial giants, gains 0.89% to 34,716.46 units. The Nasdaq Composite Index, with a high technology component, gained 0.91% to 13,453.73 points.
Yields on US Treasury bonds advanced to new three-year highs on Tuesday and those on 30-year notes touched the 3% level, as markets braced for the Federal Reserve to hike rates aggressively. of interest in its attempt to curb rising inflation.
The president of the Federal of San Luis, James Bullard, insisted yesterday that due to the environment of persistent inflationary pressure, it will be necessary for the Federal Reserve increase rates until you reach 3.5% by the end of the year. The United States is experiencing its highest consumer price pressures in 40 years.
“Bond yields continue to be pressured higher, as some analysts and James Bullard, the president of the St. Louis Federal Reserve, begin to consider a hike of up to 75 basis points in the US benchmark rate at the next meeting of the Fed in May,” the eToro platform said.
Among issuers, shares of Netflix rise almost 3% pending its quarterly report. Lockheed Martin, a military technology company, reported a 5.7% drop in profits, but its stock rose 0.8% this morning, due to expectations of possible higher military spending for the rest of this 2022.