Wall Street has closed with soft falls this Wednesday (Dow Jones: -0.37%; S&P 500: -0.28%; Nasdaq: -0.34%) to extend the small correction caused by the words of Jerome Powell. The president of the FED said that the American Variable Income is at valuation levels «quite high«, and pointed out that» short -term risks for inflation They incline up and risks to the employment downwards, a challenging situation «.
His cautious tone With the market assessment and with future type cuts (although the market continues to discount almost 100% another reduction in the price of money in October), was used by operators to start a small benefit collection. Although, for now, experts continue to see the ‘half full’ glass. Thus, although A short -term correction is not ruled out at any time To clean up the last increases, the Large investment firms are still waiting for a good end of the year For American indices. This is the case of Goldman Sachswhich has reviewed its estimates for the S&P 500considering that the strong dynamism of corporate benefits will continue to support the market, despite the high assessments. Goldman now projects that the index reaches 6,800 points at the end of the yearthe 7,000 on a six -month horizon and 7,200 within a year.
COMPANIES
Currently business, Micron Technologies It has fallen 2.82% in Wall Street despite exceeding the forecasts of consensus with its quarterly results. Besides, Alibaba 8.19%has shot, after its CEO, Eddie Wuhave anticipated large investments to enhance your AI business during the next few years. He enthusiasm for AI It is one of the keys to explain the upward rally of the American market, and at the moment nothing makes it presage that it can stop in the short term.
Other assets
With regard to other assets, oil Brent has risen 2.25% ($ 69.15), the euro 0.66% has depreciated ($ 1,1737). In addition, the ounce of gold It has dropped 1.54% ($ 3,757) to retreat from historical maximums. For its part, the profitability of the 10 -year -old bonus It has revalued 4,145%, and the Bitcoin has advanced 1.51% ($ 113,397).
