Table of Contents:
A positive opening for Wall Street
Today’s session on Wall Street opens with a positive tone, continuing the growth trend that characterized the previous days. Investors are showing confidence, backed by an initial rise in the main stock indices. The S&P 500 and Nasdaq Composite continue to set new records, highlighting a climate of
optimism in the market.
Federal Reserve Employment and Expectations
The recent ADP report on employment in the private sector revealed an increase of 146,000 jobs, a figure lower than the forecasts of 163,000.
This has fueled expectations for a possible Federal Reserve intervention at the next meeting. According to the CME Group’s FedWatch, there is a 76% chance of interest rates cutting by 25 basis points, which could further affect the stock market
.
Performance of the main indices
At the opening, the Dow Jones gained 209.11 points (+0.47%), while the S&P 500 rose by 18.50 points (+0.31%) and the Nasdaq registered an increase of 121.03 points (+0.62%). These results highlight investor confidence, despite global economic uncertainties. The strength of the labor market in the United States continues to support growth expectations
.
Commodity market and oil
In the commodities market, WTI oil at Nymex rose by 0.50%, reaching 70.29 dollars per barrel. This increase is part of a context of volatility in energy prices, influenced by geopolitical and market factors. Investors need to pay attention to these dynamics, as they can have a significant impact on the global economy.
Innovations in the healthcare sector
Another interesting development is Eli Lilly’s weight-loss drug, Zepbound, which surpassed Novo Nordisk’s rival Wegovy in a comparative study. In addition, the European Commission has approved the creation of the joint venture Coding Solutions Topco (CorroHealth) by US private equity firms Patient Square and Carlyle Group. This agreement aims to improve revenue cycle management in US healthcare systems, without concerns about competition in the EU
.
Mortgages and interest rates
In the
United States, the week of November 29 saw a 2.8 percent increase in mortgage applications, according to the Mortgage Bankers Associations (MBA). New requests increased by 5.6%, despite a 0.6% drop in refinancing requests. Thirty-year mortgage rates fell to 6.69%, compared to 6.86% the previous week. These data indicate some resilience in the housing market, which could continue to support the economy
.
