Wall Street opens in green and the Dow Jones rises 0.62%

Wall Street began the day this Thursday in green territory and the Dow Jones Industrials, its main indicator, added 0.62%, after the interest rate hikes of various central banks.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones added 197.31 points, up to 32,227.42 units, while the selective S&P 500 rose 0.81% or 31.93 integers, up to 3,968 .90 points.

The composite index of the Nasdaq market, where the main technology companies are listed, rose 1.26% or 147.42 units, to 11,817.37 integers.

Investors are assessing the latest move by the US Federal Reserve (Fed) to raise rates by a quarter point and considering what the central bank’s next moves might be.

“There has been a certain calm restored. A big part of it is because the Fed signaled that they are almost done (with the rate hike).”said Fahad Kamal, chief investment officer at Kleinwort Hambros.

Fed Chairman, Jerome PowellHe said on Wednesday that officials had considered skipping a rate hike after banking stress escalated last week.

Furthermore, he hinted that Wednesday’s hike could be the last for now, depending on the extent of any lending pullback.

Other monetary authorities followed the lead of the Fed on Thursday, as the central banks of the United Kingdom, Switzerland and Norway also raised their rates.

The only sectors in red were public services and essential goods, with a decrease of 1.9% and 0.05% respectively. While the gains in communications and technology stood out, with a rise of 1.46% and 1.4% respectively.

Among the 30 Dow Jones stocks, the most affected companies were Travelers (-0.48%) and MSD (-0.44%). While the top earners were Nike (1.58%) and Microsoft (1.43%).