2023-06-03 19:12:44
US indices closed collectively higher in the first sessions of June, supported by rising hopes for stabilizing interest rates following data slowing wage inflation, in addition to the US House of Representatives vote on the debt ceiling law, as reported by CNBC.
The bill passed late Wednesday in the House of Representatives to suspend the $31.4 trillion debt ceiling destined for the Senate, which must enact the measure before Monday when the government begins to run out of money.
A Labor Department report showed that the labor price per individual unit of output rebounded at a rate of 4.2% in the first quarter, a downward revision from the 6.3% pace of growth estimated in May.
Fedwatch data indicated that the odds of raising interest rates by 25 basis points amounted to regarding 36%, compared to 74% for fixing them.
These gains came following the company officially announced the new generation of its mixed reality glasses, according to a post by CEO Mark Zuckerberg on the Instagram platform.
Facebook owner Meta also said that starting June 4, the price of the old-generation Quest 2 will drop by $100 to $299.99 for the 128GB version.
The performance of the main US indices
The Dow Jones index rose by 0.5%, equivalent to 153 points, in Thursday’s session, to close above 33,000 points.
The S&P 500 index rose by regarding 1%, achieving its highest close in 9 months, supported by the rise in Nvidia shares by more than 5% in the first sessions of June.
The Nasdaq Composite Index rose by 1.3%, achieving its highest close since mid-August 2022.
سهم Goldman Sachs
Goldman Sachs shares fell by 2.3% in Thursday’s session, recording its lowest closing in more than two months.
The bank lost regarding 2.5 billion dollars of its market value in this session, to fall to 105 billion dollars.
The bank had stated that it was preparing for a tougher and tougher work environment by laying off more employees, with the aim of saving $600 million in costs.
1685840156
#Meta #shares #gain #billion #dollars #session #glasses
