Home » Wall Street: flat futures after Nasdaq record, hi-tech price list + 3.6% from the beginning of the month

Wall Street: flat futures after Nasdaq record, hi-tech price list + 3.6% from the beginning of the month

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US futures flat after the positive close of the US stock exchange, which saw the Nasdaq close at a new record value, up 0.79% to 14,253.27 points; the Dow Jones also did well, closing up by 0.20% at around 33,945 points, while the S&P 500 advanced by 0.51% to around 4,246 points.

It should be noted that, since the beginning of June, the S&P 500 and the Nasdaq Composite have gained 1% and 3.6% respectively. The Dow Jones, on the other hand, is negative, and has particularly discounted the weakness of Caterpillar and JP Morgan.

Dow Jones futures are flat with a variation of -0.03% at 33,827 points; futures on the S&P 500 fell 0.06% to 4,233.80 points; futures on the Nasdaq fall by 0.07% to 14,248 points.

Market mover of the markets, in the last few hours, was the hearing in the US House of Representatives of the president of the Federal Reserve, Jerome Powell, who reassured that “interest rates will not be raised in advance”.

Again, Powell stressed that “it is very, very unlikely” that US inflation will move towards those conditions of hyperinflation that characterized the 1970s and early 1980s, when inflation shot up above 10%. ”

Powell vowed that the Fed will be vigilant in its role.

“You have a central bank that is committed to ensuring price stability, which has defined what price stability is and which is highly prepared to use its tools for inflation of around 2%. All these factors suggest to me that an episode similar to the one we witnessed in the ’70s… .I really don’t think anything like that could happen ”.

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Powell’s reassurances push US Treasury yields down, with ten-year rates moving slightly down to 1.477% and 30-year rates down slightly to 2.11%.

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