Wall Street again achieved a triple record after the Fed announced the reduction of monetary stimulus.

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source: reuters.com

Wall Street again achieved a triple record after the Fed announced the reduction of monetary stimulus.

The Dow Jones rose 0.29% to 36,157.02 units, the S&P 500 rose 0.65% to 4,660.56, and the Nasdaq rose 1.04% to 15,811.58 units.

Wall Street returned to record records in its three leading indicators this Wednesday after the Federal Reserve of the United States announced the reduction of the monetary stimuli deployed by the pandemic.

According to provisional results at the end of the session on the New York Stock Exchange, the Dow Jones index had a new record at 36,157.02 points (+ 0.29%), as did the selective S&P 500, which closed at 4,660.56 points ( + 0.65%) and the composite index of the Nasdaq market, in which the technology companies with the largest capitalization are listed, which rose 1.04% to 15,811.58 units.

The New York stock market began the day cautiously but reacted positively when the US central bank announced that it would start this month to reduce monthly bond purchases, as anticipated by analysts.

According to his decision, the volume of monthly bond purchases, currently at 120,000 million dollars, would be progressively reduced each month by 15,000 million to end the program by mid-2022 ultimately.

Fed Chairman Jerome Powell said the strengthening of the economy supports a gradual withdrawal of stimulus, interest rates remained unchanged, and said he was continuing to consider raising prices "temporarily".

According to experts, the last sessions have seen the three leading indicators rise to record highs due to the good quarterly results season and confidence in the economic recovery.

This Wednesday, pay processing firm ADP revealed that in October, job creation in the private sector increased by 571,000 new jobs, exceeding estimates.

In terms of sectors, non-essential goods companies (1.84%) and basic materials (1.1%) benefited the most. In comparison, the most affected were energy companies (-0.83%).

Among the 30 listed on the Dow Jones, the advances of Walgreens (3.08%), Nike (2.78%), and Amgen (1.81%) stood out. Conversely, Caterpillar (-1.72%) and Goldman Sachs (-1.40%) were at the bottom.

In other markets, Texas oil fell to $ 80.86 a barrel. At the end of the session, gold fell to 1, 1,772.60 an ounce, Treasury bond yields reached 1.603%, and the dollar fell against the euro with a change of 1.1611.