Wall Street: Gains following Powell’s comments

Its major indices moved higher Its stock market New York on Friday, with yields on 10-year and 30-year US Treasury bonds falling.

Industrial index Dow Jones recorded an increase 1.15% in 34.283,10 Units, the broader index Standard & Poor’s 500 Made profits 1.56%in 4.415,24 units, while technological Nasdaq It showed profits 2.05%in 13.798,11 units.

Yields on both 10-year bonds and 30-year bonds fell by five basis points, while yesterday they recorded a significant increase, by 10 basis points, after the Federal Reserve Chairman’s ambiguous statements. Jerome Powell.

As the Fed Chairman said yesterday: “The FOMC is committed to achieving a monetary policy stance tight enough to return inflation to 2% over time. We are not sure we have achieved such a stance.”

He pointed out that he and the Council members are optimistic about the slowdown in inflation so far, although the indicator is still “much higher” than the desired limits. He commented: “If it becomes necessary to move forward with further tightening of monetary policy, we will not hesitate to do so,” indicating that the Council will continue to proceed cautiously. However, he reiterated that the Fed is moving cautiously anyway, trying to balance the risks of acting too much with the risk of not doing enough.

In terms of listed companies, Trade Desk shares fell more than 18% as the company reported disappointing Q4 revenue guidance, even though Q3 earnings beat analysts’ expectations.