Wall Street closes week higher in three indicators

NEW YORK (EFE).— The New York stock market once once more had a week of optimism, stimulated on this occasion by the foreseeable drop in interest rates for the second half of the year, which according to the Federal Reserve might occur up to three times in what remains of the year.

The Dow Jones, although it ended the day lower (39,475.9 points), rose 2% for the week, and in fact this was its best week since 2024 began.

The selective S&P 500 (which closed at 5,234.18) gained 2.3% in the week, and the one that closed the best was the technological Nasdaq, which broke a new record yesterday (16,428.82 points) and rose a solid 2.9 these days. %.

The news of the week for Wall Street has been not so much the Federal Reserve’s decision to leave interest rates untouched at this time, but rather the almost certain promise to undertake cuts in the second half of the year.

“The market is perhaps overexcited regarding these three upcoming cuts,” Dana D’Auria, an analyst at Envesnet, told CNBC.

“I am not so sure that the comments necessarily mean that the cuts will arrive in June.”

For Dana D’Auria, cutting too soon may be risky based on the data available now, and perhaps that means that cuts do not occur three times, but less.

“Powell is teasing the daisy between not allowing too many expectations but also not disappointing the markets,” he said.

Some of the companies that had the most prominence in the week were Apple, which on Thursday had a drop following the Government had filed a complaint for monopolistic practices, although yesterday it recovered slightly, or the microprocessor manufacturer Nvidia, which has not stopped rising since On Monday it will present its new Artificial Intelligence microchips.

Texas oil, for its part, has had almost erratic behavior during the week: it rose strongly on Monday and Tuesday (to reach a maximum of $83.67 a barrel, but then it lost all gains and closed the week losing 0.41 dollars.

Texas crude oil, which is mainly consumed by the United States, seems to dance to the tune of geopolitical tension at this moment, already reacting to the Russian bombings of Russian energy facilities or the ceasefire that has not yet materialized in Gaza.

BMVAvance weekly

The Mexican Stock Market fell 0.08% but closes with a weekly advance of 0.68%

Registration of the day

The Mexican Stock Exchange (BMV) recorded a loss of 0.08% this Friday in its main indicator to stand at 56,610.54 units, but managed to close the week with an advance of 0.66% to link two consecutive weeks on the rise. With this day’s decline, the CPI has dropped 1.35% so far this year.

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