After the release of the minutes of the Federal Reserve meeting, and on the eve of the beginning of the quarter, the company announced its quarterly results. On Wednesday, Wall Street, the stock index remained almost unchanged.
The Dow Jones index rose 16 points, or 0.05%, to 33,446 points, while the S&P 500 index rose 0.15% to 4,079 points. The Nasdaq index fell 0.07% to 13,688 points.
Both the Dow Jones and the Standard & Poor’s 500 Index (S&P 500) are hovering near the record highs set on Monday because there is no major news that may cause the Dow Jones to fall from these levels, but will rise further.
Yesterday, the focus of investors was the minutes of the most recent meeting of the leaders of the US Central Bank.
The minutes of the meeting show that the Fed will wait patiently in raising interest rates, and central bank leaders expect it will take some time before jobs and prices rise further.
National Securities Strategist Art Hogan said: “We thought we would get something new from the minutes of the Fed’s meeting, but we were wrong. The Fed has been transparent for a year and has not actually deviated from it…
But investors worry that if large-scale fiscal and monetary stimulus measures stimulate inflation, the Fed may raise interest rates faster than expected.
As inflation may rise, the yield on US government bonds has risen again. As a result, the yield on the reference ten-year bond rose again to 1.77%, the highest level in 14 months.
Investors are also alert to the fact that the company’s business report season in the first quarter of this year is about to begin.
Analysts surveyed by Reuters estimated that the revenue of S&P 500 companies increased by 24% in the last quarter over the same period last year.
However, analysts say that such high expectations, if not met, may cause investor disappointment.
On most European stock exchanges, stock prices fell yesterday. It is true that the London FTSE index rose 0.91% to 6,885 points, while the Frankfurt DAX index fell 0.24% to 15,176 points, and the Paris CAC index fell 0.01% to 6,130 points.