Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The US stock market ended the week with growth amid Powell's statement


August, 26 2024
watermark Economic news

US stock markets ended Friday higher, reacting positively to the speech by Fed Chairman Jerome Powell. The Dow Jones Industrial Average rose 1.14%, the S&P 500 rose 1.15%, and the Nasdaq Composite rose 1.47%.


Powell announced the Fed's readiness to lower interest rates, but the timing and pace of this process will depend on a number of factors. He noted a decrease in inflation risks and an increase in employment risks, stressing that the economy continues to grow. Traders estimate the probability of a rate cut in September by 25 basis points at 70%, and by 50 bp at 30%.


Positive news also came from the real estate market: sales of new homes in the United States increased by 10.6% in July and amounted to 739 thousand year-on-year.


In the equity sector, Altria Group rose 1.2% after the dividend increase, and Intuit Inc. shares fell 6.8% after the publication of a net loss report. Workday Inc., a provider of cloud applications, increased its net profit by 1.7 times, which led to a 13% increase in capitalization. Uber Technologies rose 1.4% after announcing the launch of robotaxi in partnership with Cruise LLC. General Motors shares rose 4.5% due to the same partnership.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.