US inventories intraday – Bauer described the US economy strongly Dow Jones rose by more than 160 points |钜 亨 网 – US stocks



The chairman of the Fed, Bower, described the US economy as strong: the US stock market rose on Friday afternoon and Dow Jones rose by more than 160 points. The share price of Netflix rose, bringing Nasdaq to a record high.

Netflix shares rose 3.4% on Friday and increased by more than 10% this week.

Taipei time 00:11

The Dow Jones Industrial Average rose 165.82 points or 0.65% to 25,822.80.

The Nasdaq index rose by 69.05 points or 0.88% to 7947.51.

The S & P 500 index increased by 18.63 points or 0.65% to 2875.61.

Bauer gave a speech today at the Jackson Hole Forum in Wyoming, and said he expects to raise interest rates further in the future. He pointed out that the economy is strong and can handle a tighter monetary policy.

The analyst said the market is not sure how many hawks he has. He said in his speech that inflation is not expected to be significantly higher than 2%, so the slow rate hike is still appropriate.

After Bauer's speech, the dollar index fell by 0.6%.

The companies announced earlier this week have good profits and strong economic data, which will also contribute to improving the atmosphere on the stock market.

In terms of economic data, the United States announced that the number of initial unemployed claims fell to 210,000 last week, a low since 1969. Orders for durable core goods rose by 1.4% in July, more than the expected increase of 0, 4%.

Analysts say the data show that the economy is strong and consumers continue to spend. But investors have not responded to factors that could increase market risk.

Trump, a former private lawyer at Trump, pleaded on Tuesday eight charges, including tax evasion, political contributions and misrepresentation by financial institutions. Cohen also admitted that he paid the two ladies under Trump's instructions.

In addition, the president of the Trump campaign team, Mana Ford, was also found guilty and charged eight.

The United States and China closed their trade talks this week and there was no major breakthrough. Investors have commercial pressure.



Source link

Leave a Reply