S&P 500 eyes new record high as Wall Street stays upbeat

Wall Street was optimistic at open Friday July 18, with actions seeking to extend the gains after the S&P 500 and the NASDAQ was paid to record tops during recent sessions.

Although the industrial average of Dow Jones has dropped by 20 points, the S&P 500 and the NASDAQ increased 0.2% and 0.3% respectively.

The positive start of the last day of negotiation of the week for the S&P 500 came while Wall Street recorded new heights of all time, the Nasdaq leading during the previous session. The quarterly benefits and optimistic economic data better than expected and optimistic have contributed to fuel wider optimism through risk assets.

Cryptocurrencies and crypto stocks have also increased actions Rally, investors reacting positively to the House of Representatives of the United States passing the Act on Engineering. The bill should now land on Trump’s office, ready to disconnect from the first major cryptographic legislation in the United States

Bitcoin (BTC) moved to $ 120,000 and Ethereum (Ethn)) Broke above $ 3,600.

Investors look at the benefits, prices and inflation

After the big banks announced income and profits beats on Thursday, Pepsico, United Airlines and Netflix will publish their results. The market also remained dynamic in the midst of solid profits, retail sales and complaints on unemployment.

However, investors remain attentive to the prospects of global and tariff trade, which has a slightly cooled moment President Donald TrumpAnnouncements announcements last week. The policy of the federal reserve and the policy of interest, the president of the Fed, Jerome Powell, is also under pressure from Trump.

The Fed indicated during its previous meeting that it would hold stable on interest rates, diverging recent movements of the European Central Bank and other global peers. Currently, traders see the chances of a drop in the Fed rate in September at around 56%.

According to the Fedwatch tool from CME, the market has largely made a price in almost no chance of reducing rates in July, but the governor of the Federal Reserve Christopher Waller do That a Fed movement in July is correct.

Meanwhile, the attention on the Fed and Powell intensified after the White House said that the president of the Fed had misleaded the congress concerning the details of a renovation of $ 2.5 billion from the Fed headquarters. While Trump recently declared that he was not planning to dismiss Powell, he criticized the magnitude of the renovations and suggested that he could be a reason for dismissal.