Wall Street closes with gains and the Dow Jones rises 1.26%

Wall Street closed this Thursday with gains and the Dow Jones Industrials rose 1.26% due to expectations that the Federal Reserve (Fed) will soon close the cycle of interest rate hikes.

At the close of operations, the main indicator of the New York Stock Exchange added 428.73 points, up to 34,408.06 units, while the selective S&P 500 gained 1.22% or 53.25 integers, up to 4,425.84 points .

The Nasdaq Composite Market Index rose 1.15%, or 156.34 units, to 13,782.82 integers.

The New York parquet operated optimistically after the Fed on Wednesday paused the trajectory of rates after 10 consecutive months of increases, keeping them in a range between 5% and 5.25%.

The president of the central bank, Jerome Powelldid not rule out more subsequent hikes, but market operators put uncertainty aside and were encouraged to see the final point of their restrictive policy to contain inflation closer.

Analysts pointed out that on Friday there may also be notable movements in the stock market due to the “quadruple witch hour”, as it is known at the time of quarterly expiration of financial derivatives such as options and the readjustment of quoted indices, in which there are large volumes of negotiation.

All sectors made gains today, led by companies in healthcare (1.55%), communications (1.54%) and industrials (1.51%).

Among the 30 listed Dow Jones, the rises of Microsoft (3.19%), Amgen (2.77%), Verizon (2%) and Cisco (1.90%) stood out. Only Nike (-0.39%) and American Express (-0.37%) fell.

In other markets, Texas oil rose to $70.62 a barrel, and at the close of the stock market gold rose to $1,971 an ounce, the yield on the 10-year US bond fell to 3.72% and the dollar lost ground against to the euro, with a change of 1.0946.