Wall Street wins interest rate decision in the run-up Financial


The Dow-Jones index was 0.4 percent higher at 26.479 points around 7:45 PM (Dutch time). The broad-based S&P 500 won 1 percent to 3,249 points, and Nasdaq technology exchange rose 1.1 percent to 10,516 points.

The corona outbreak in the southern United States is still not under control. In addition, support agreements made earlier this week are coming to an end and there is still no agreement between Democrats and Republicans on a new support package. Until that is clear, the Federal Reserve does not seem to be taking any steps with interest rates or expanding its buyback program.

Chipmaker Advanced Micro Devices (AMD) rose nearly 13 percent in the first few minutes of trading, after the company raised its revenue forecast on Tuesday. AMD took advantage of the sharply increased demand for chips for data centers and PCs as a result of working from home.

Aircraft maker Boeing not only had to deal with the grounding of its 737 MAX aircraft, but also the consequences of the corona pandemic for the aviation sector. The company suffered a loss. Boeing fell almost 3 percent in value on the stock exchange. General Electric lost just under 4 percent after reporting a billion-dollar loss in the past quarter.

Coffee chain Starbucks (plus 4.1 percent) also opened the books and recorded a loss in the recent period. However, some recovery is visible. Internet merchant eBay took advantage of the fact that people made more online purchases. However, investors did not react enthusiastically here. EBay’s share price fell more than 2 percent.

A notable climber was Eastman Kodak. The company that was once famous for its photo rolls wants to transform itself into a producer of raw materials for medicines with the help of a government loan. The company became more than 400 percent more valuable after trading in the stock was halted for some time.

The euro was worth $ 1.1779, compared to $ 1.1772 when the European stock markets closed. A barrel of American oil cost 0.3 percent more at $ 41.15. Brent oil climbed 0.7 percent in price to $ 43.57 a barrel.


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