The major US stock indices are trading gains this Wednesday. Wall street advances, while the market prepares to receive the first monetary policy announcement from the Federal Reserve, in which they hope to find progress on their impending interest rate hikes.
The index Nasdaq, of high technological weight, leads the gains with an increase of 1.69% to 13 768.17 units. The reference S&P 500, which consists of the 500 strongest firms, advances 1.20% to 4,408.70 points. The Dow Jones, of 30 industrial giants, moved 0.63% to a level of 34,514.69 units.
“What is expected is that the Fed will mark the beginning of its interest rate hike for March, something that would already be discounted in prices. In addition, it will reduce the process of reducing its balance sheet, selling the assets it has been buying since the beginning. of the crisis for Covid-19“, eToro explained in a note.
Microsoft print
Among the issuers, the advance of the shares of Microsoft, currently 3.82% higher at $ 299.50, which reported revenue well above analyst expectations, thanks to strong demand for its cloud services from companies migrating to hybrid work models.
Microsoft’s net income stood at $ 18.77 billion, or $ 2.48 per share, from $ 15.46 billion, or $ 2.03 per share, a year earlier. The company said revenue had risen to $ 51.73 billion in the last three months of 2021, from $ 43.08 billion a year earlier.
Reference-www.eleconomista.com.mx