Wall Street’s main indexes got off to a bearish start today (14/6), with investors putting the brakes on the S&P 500 and Nasdaq rallying, taking them to historic highs. At the same time, traders weighed the Federal Reserve’s forecasts for the US economy and interest rates.
At the beginning of the meeting on Friday, Mr Dow Jones was down 0.39% at 38,496.80, the S&P 500 was down 0.30% at 5,417.55 and the Nasdaq was down 0.20% at 17,631.56.
However, hopes for continued decline in US inflation boosted Wall Street indexes significantly this week. The S&P 500 and Nasdaq Composite are on course to end the week higher by 1.3% and 2.7%, respectively. Both indices hit all-time highs in the past five days.
Wall Street is coming off an earnings session that saw the S&P 500 post a fourth consecutive record high. The tech Nasdaq also ended the session at a new high.