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US economy generates profits on Wall Street - financial expert analyzes Tesla and Boeing.
According to a report from www.n-tv.de, the US economy is stable and provides confidence despite mixed company news. The Dow Jones Index rose by 0.6 percent to 38,049 points and the S&P 500 rose by 0.5 percent. The Nasdaq indices gained 0.2 percent. The unexpectedly strong economic growth in the fourth quarter of 2023, which exceeded economists' expectations, ensured a good mood on Wall Street, as did the smaller increase in the inflation measure for personal consumption expenditure. Bond market yields fell, with yields falling sharply in the ten-year range by a good 5 basis points to 4.13 percent. These developments could spark new hopes that interest rates will soon fall. The interest rate decision...
US economy generates profits on Wall Street - financial expert analyzes Tesla and Boeing.
According to a report by www.n-tv.de,
The US economy is stable and provides confidence despite mixed corporate news. The Dow Jones Index rose by 0.6 percent to 38,049 points and the S&P 500 rose by 0.5 percent. The Nasdaq indices gained 0.2 percent. The unexpectedly strong economic growth in the fourth quarter of 2023, which exceeded economists' expectations, ensured a good mood on Wall Street, as did the smaller increase in the inflation measure for personal consumption expenditure. Bond market yields fell, with yields falling sharply in the ten-year range by a good 5 basis points to 4.13 percent. These developments could spark new hopes that interest rates will soon fall.
The US Federal Reserve's interest rate decision next week is eagerly awaited, with interest rates expected to remain unchanged here too. The main focus is on the Fed's interest rate outlook. On the foreign exchange market, the dollar rose by a good 0.4 percent against the euro.
Companies such as IBM and Boeing were influenced on the stock market. IBM saw shares rise 9.5 percent on an optimistic outlook and increased demand for AI software. Boeing, on the other hand, lost 5.7 percent due to stricter requirements from the US Federal Aviation Administration regarding the grounding of the 737 Max 9.
Tesla shares slipped 12.1 percent as the company reported weaker vehicle sales than 2023 and weaker financial results for the final quarter. Oil prices rose around 3 percent due to speculative increases in demand from US economic growth and further influences from Russia and Yemen.
These developments could have an impact on the financial market, particularly with regard to expectations of future interest rate decisions and the performance of companies in various sectors. It remains to be seen how the situation will develop in the next few weeks and months and how these factors will influence the financial industry.
Read the source article at www.n-tv.de