Wall Street closed with moderate falls this Thursday (Dow Jones:-0.52%; S&P500: -0.28%; Nasdaq:-0.08%) after the shopping on Wednesday that allowed the S&P 500 and to Nasdaq renew all-time highs thanks to Nvidia. And technological stocks have become the protagonists of a market that also remains attentive to the Federal Reserve (Fed). In fact, the minutes of the last meeting of the US central bank have shown that a «majority» of the officials present at the meeting «considered that it would probably be appropriate to make monetary policy even more flexible during the remainder of the year«. However, the organization maintains its concern about the risks of inflation. «This means that Any uptick in inflation data could quickly reverse the Fed’s easing path. The good news is that there is no major data release at the moment as the US government remains closed,» said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. «While the FOMC is now leaning towards need to continue making its monetary policy more flexible in the face of the weakness that the labor market has been showingit is not clear whether this means that its members will support one or two additional reductions in official rates in the remainder of the year. Ten members seem in favor of this and nine opt for only a cut. The market, meanwhile, continues to clearly bet on two, starting with a first in the meeting that the FOMC will hold at the end of the month,» they point out in Link Securities. In this scenario, investors have followed the appearance of several members of the Fed such as Bowman, Barr, Musalem either Kashkarilooking for more signs of moderation in monetary policy. The most notable statements have been made by Barrwhen requesting a «cautious» approach to rateswhich would allow the central bank to buy time to «collect more data.» «When there is considerable uncertainty about the consequences of a policy measure, it is advisable to act more gradually. I believe that this principle applies now, and that the FOMC should be cautious in adjusting policy so we can collect more dataupdate our forecasts and better evaluate the balance of risks,» he highlighted during his speech at the Minnesota Economic Club lunch. At an economic level, the officers data blackout continues as the government shutdown continues. Thus, this Thursday the weekly unemployment claims.
TRUMP PEACE PLAN FOR GAZA
From a geopolitical point of view, Israel and Hamas have reached a agreement on the first phase of the peace plan powered by Donald Trump for Gaza. The understanding includes «all provisions and implementation mechanisms» related to the exchange of the 48 Israeli hostages that remained in the hands of the Palestinian militias – most of them deceased – due to the release of some 2,000 Palestinian prisoners. «The last Israeli hostages will return home very soon,» Trump posted on his social network. The first phase of the agreement also contemplates a limited technical withdrawal of Israeli troops to facilitate the exchange and allow the entry of humanitarian aid into the stripblocked until now by Israel.
COMPANIES AND OTHER MARKETS
On a business level, this Thursday the quarterly results of PepsiCo and Delta Airlines. In the case of the food and beverage giant, it has exceeded market expectations with its accounts for the third quarter of 2025 thanks to the growth of its international sales, while it has reiterated its guidelines for the entire exercise. Regarding Deltathe airline has advanced 4.25% after beat forecasts with their figures and anticipate a better than expected end of 2025 due to the luxury travel demand resilience. For its part, Nvidia has risen again (+1.79%)until marking new all-time highsabove $193, after the United States has approved the exports of its chips to the United Arab Emirates.
In other markets, oil West Texas has fallen by 1.68% ($61.51) and the Brent has given up 1.63% ($65.17). For his part, the euro has depreciated 0.55% ($1,156), and the ounce of gold has fallen 1.84% ($3,994). Furthermore, the 10-year American bond yield has rebounded to 4.144% and the bitcoin has lost 2.02% ($121,032).