Wall Street’s main stock indices operate higher this Wednesday (18).
Investors are awaiting the minutes of the Federal Reserve’s last monetary policy meeting (which kept the interest rate unchanged), which will be released at 4 pm, Brasília time, to understand the perspective of the United States central bank.
The market is pricing in a roughly 63% probability of a rate cut of at least 25 basis points at the Fed’s June meeting, the first with odds above 50%, according to CME’s FedWatch tool.
Another point of attention is that the personal consumption expenditure report — the Fed’s preferred inflation indicator — will be released this Friday (20).
Furthermore, technology stocks show recovery as concerns surrounding the artificial intelligence segment ease.
At around 12:45 pm, Brasília time, the Dow Jones rose 0.64%, to 49,848 points. The S&P 500 gained 0.85%, to 6,901 points, and the Nasdaq rose 1.23%, to 22,856 points.
Nvidia gained more than 2.50% after the company announced it had signed a multi-year contract to sell millions of current and future AI chips to Meta, which rose 0.19%.
Analog Devices shares rose more than 2% after the chipmaker forecast second-quarter results above Wall Street estimates.
Moderna gained more than 5.50% after the Food and Drug Administration (FDA) agreed to review its flu vaccine, reversing an earlier decision to reject the application.
*With information from Reuters
