The S&P 500 and Nasdaq indices are both on course for their third consecutive week of gains.
Less than 20 minutes ago
Updated less than 10 minutes ago
The matter is updated throughout the trading day on Wall Street…
This is what it looks like on the leading indices on Wall Street shortly after the stock market opened on Friday:
- The Dow Jones index is up 0.26 percent
- The technology index Nasdaq climbs 0.23 percent
- The broad S&P 500 rises 0.25 percent
On Thursday, Wall Street ended the day with gains, on a trading day in which the Dow Jones index rose for the seventh day in a row.
A results season in which many delivered well above expectations has lifted Wall Street.
The indices S&P 500 and Nasdaq are both set to round off their third consecutive week of gains.
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Therefore, the interest rate can be increased
Waiting for Fed signals
Throughout a week in the US stock markets that has not offered major price-driving news, investors have followed conditions that could change the outlook for interest rates.
Later in the day on Friday, there may be new signals on how the US central bank will relate to the interest rate level.
A number of Fed officials are scheduled to deliver speeches – including Fed Governor Michelle Bowman, state governors Neel Kashkari and Lorie Logan, as well as Deputy Central Bank Governor Michael Barr – which the market will be watching closely.
Jump for AI – favorite
Nvidia rises almost 2 percent after computer chip manufacturer Taiwan Semiconductor reported a sales jump of 60 percent in April, writes Reuters. The company is Nvidia’s largest supplier.
Nvidia has not yet presented results for the first quarter.
Akamai Technologies is down nearly 10 percent after delivering a weak outlook for the second quarter and earnings that fell short of expectations in the first quarter.
