The main stock indices of the US market advance after a stable opening and erratic movements. wall street is painted green at the start of May, after suffering heavy losses in April, hit by fears of further rate hikes from the Fed.
The benchmark market index, the S&P 500 of the 500 strongest companies, advances 0.63% to the level of 4,158.05 points. The index dow jones, of 30 industrial giants, rises 0.49% to 33,140.39 units. The index nasdaqwith a high technological component, gains 1.06% at a level of 12,465.51 points.
The Federal Reserve The US (Fed) will announce its monetary policy decision during the mid-week session. Market participants expect it to herald a sharp rise in the price of money in response to persistent inflation, currently at a 40-year high.
April was a negative month for the US stock market, whose indices showed sharp declines. The Nasdaq index posted its worst month since October 2008, hit by the possibility that growth firms miss expectations due to higher rates.
“We saw the third worst start to the year in history for the S&P 500,” explained eToro. Regarding business results, up to what was published, it experiences an annual growth of 11%. However, companies like Netflix, Amazon or Facebook reported their slowest growth in their entire history, he added.