[Mercado de EE. UU.]Shares rise, Chairman Powell comments Buy Security-Dollar Fall-Bloomberg

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The US stock market rallied on the 23rd. The S&P 500 stock index had been falling for the day, but closed in positive territory. Statements by the Chairman of the US Federal Reserve Board of Governors (FRB) Powell on inflation and growth prospects led to a negotiation.

While tech stocks fell due to concerns that stock prices were overvalued, S&P 500 stocks fell 1.8% at one point. The Nasdaq 100 Index, which focuses on high-tech stocks, ended slightly depreciating as Fed Chairman Powell reiterates continued support for the US economy.As suggested, it filled most of the decline.

The rise of airlines, accommodation-related brands and cyclicals that will benefit from the end of the lockdown (city lockdown) against the new coronavirus was noted.

S&P 500 species increased 0.1% over the previous day to 3,881.37. The Dow Jones Industrial Average averaged $ 15.66 (0.1%) higher at $ 31,537.35. The Nasdaq Composite Index fell 0.5%. At 4:59 pm New York time, 10-year bond yields fell 2 basis points (bps, 1 bps = 0.01%) to 1.34%.

Powell also expressed hope that economic activity will normalize and improve by the end of the year. He did not give much thought to concerns about accelerating inflation. He noted that the recent rise in bond yields is a “sign of confidence” in the strong economic outlook.

Leo Grohoski, CIO of BNY Mellon Wealth Management, said: “Mr. Powell acknowledged the medium-term improvement in the economy, but I think some of the growing concerns about inflation have subsided.”

The dollar has fallen in the foreign exchange market. The dollar index has fallen for four consecutive business days. The background is the statements of Fed Chairman Powell. On the other hand, the currencies of resource-rich countries were strong. Stephen Ingrander of Standard Chartered said Powell was “reassuringly moderate.”

The Bloomberg Dollar Spot Index, which shows the movement of the dollar against the top 10 currencies, fell 0.1%. The dollar is up 0.2% against the yen to $ 1 = 105.25 yen. The euro fell 0.1% against the dollar to 1 euro = $ 1.2150.

The New York crude oil futures market fell slightly. Following the sharp rise since the beginning of the month, technical indicators suggest that the market may move towards adjustment. Third Bridge’s Peter McNally noted that it was difficult to keep up with the rise, as it had risen more than $ 2 the day before.