Wall Street opened cautiously higher Wednesday, watching for the outcome of a monetary meeting of the US Central Bank, which will disclose new economic forecasts while its president will hold a press conference at 6.30 pm GMT.
Around 1:45 p.m. GMT, the flagship index of the New York Stock Exchange, the Dow Jones Industrial Average, rose 0.15% to 28,036.70 points.
The Nasdaq, with strong technological coloring, appreciated by 0.27% to 11,220.84 points.
The broader S&P 500 index gained 0.24% to 3,409.37 points.
As of Tuesday, the New York Stock Exchange ended without direction. The Dow Jones Industrial Average was flat and the Nasdaq gained 1.21%.
Better than expected results announcements from the carrier FedEx (+ 7.07%) gave momentum Wednesday at the start of the session.
FedEx saw its profit jump between June and August thanks to the enthusiasm of consumers for online orders during the pandemic.
A mixed announcement from retail sales in August dampened this momentum, however. Up for the third month in a row, they were however less dynamic (+ 0.6%) than expected by analysts.
But all eyes were on the outcome of the Fed’s monetary meeting, which issues its statement at 6:00 p.m. GMT, followed by a conference by its boss Jerome Powell.
In particular, the Fed must disclose its forecast for rate changes until 2023.
“The Fed has signaled that it is ready to do more if necessary” to help with economic recovery, “the Fed chairman can be expected to say more fiscal measures are needed,” he said. esteemed Patrick O’Hare of Briefing.
On the bond market, the 10-year rate on US debt fell to 0.6658% against 0.6700% Tuesday night.