Wall Street starts positive and shows an acceleration to the upside less than an hour after the start of trading. Right now the Dow Jones index is up 0.35% to 35,005.36 points, the S&P 500 is up 0.50% to 4,427.8 points and the Nasdaq shows the best performance registering a growth of 0.7% .
A certain caution remains on the markets due to fears related to the spread of the Delta variant and the repercussions on the economic recovery. Meanwhile, a week is coming to an end that saw the Fed in the foreground, before and after the publication of the minutes. In particular, from the minutes of the FOMC in July it emerged that the majority of the members of the Federal Reserve board deem it appropriate to start tapering by the end of the year.
Investors are also gearing up for next week’s Jackson Hole meeting, which will take place August 26-28. “From the event (as has already happened in the past) important indications could emerge regarding the start of the Fed tapering, in light of the recent data on US employment and the divergence within the Fed board on the timing of the reduction in purchases”, comment the strategists of Mps Capital Services. In view of the appointment, according to some operators, there could be some volatility on the markets.