Investing.com – The broader S & P ended Wednesday's high as signs of trade progress and growing expectations that the Federal Reserve would keep interest rates lower for longer durations
. Increased by 0.03%.
The protocols confirmed the market opinion on monetary policy, with most commission members expecting rates to remain stable until the end of the year. economic prospects and risks for the forecast likely to need to keep the target range unchanged for the remainder of the year, "the protocols showed.
Participants generally expected that real GDP growth rates would" follow the 201
However, stocks of banks that are vulnerable to falling yields remained stable.
JPMorgan (NYSE :), Citigroup (NYSE 🙂 and Goldman Sachs (NYSE 🙂 graduated) The day above.
The CEOs of America's largest banks testified on the Capitol Hill Wednesday as industrial In the meantime, investors were delighted with the news of progress in one of the key moments in the trade negotiations between the United States and China. "We agreed that both parties would create offices that would handle current issues.
During For several months, the Trump administration argued that it was important to ensure a human rights system in place to ensure China's compliance with the terms of a trade agreement.
In technology, semi-finished products recovered after the retreat a day earlier, led by Advanced Micro Devices (NASDAQ 🙂 on the reverse side of Wall Street ahead of the shareholders on April 14.
The launch of AMD products in the near future will "rock around in the second half of the year, showing early signs of long-term EPS and revenue," added Coven.
& # 39; s (NYSE 🙂 closed down 4.3% after the company moved to profit in the first quarter. The company has increased by 25% since its return to the public market last month.
On the economic front, missed forecasts by economists, showing 2.0% annualized by March, from 2.1%
ConAgra Foods (NYSE 🙂 Discovery (NASDAQ: ) and Kroger (NYSE 🙂 were among the leading S & P 500 participants in the session.
AmerisourceBergen (NYSE :), Humana (NYSE 🙂 and Fox (NASDAQ 🙂 were among the worst performers of the S & P 500 session.