The US indices concluded the opening session of the week yesterday, Monday, January 23, with gains led by the Nasdaq index, which rose by more than 2%, supported by the rise in the technology sector stocks, amid anticipation in the markets for the earnings announcements from companies and institutions issued during the current week.
US stock markets are receiving support from rising market expectations that the US Federal Reserve will slow down the pace of monetary tightening in the coming period after the recent decline in inflation, as the futures markets, according to the FedWatch tool issued by CME, are pricing in a rate of 99% to raise interest rates by 25 basis points in February. next.
In terms of sectors, 11 main sectors of the Standard & Poor’s 500 index recorded gains, with the exception of the energy sector, where technology shares led the gains by about 2.3%.
Tesla shares rose by 7.74% when closing at $143.75, while Apple shares rose by 2.35% when closing at $141.11. Alphabet shares recorded gains of 1.81%, and Microsoft rose by 0.98%.
During the current week’s sessions, the markets are looking forward to the completion of the disclosures of many banks and financial companies, such as Tesla, Microsoft, Johnson & Johnson, Intel, Visa, Boeing and Chevron.
The Dow Jones Industrial Average (Dow) closed up by about (254) points at the close at 33,629 levels, with a gain of about 0.76%. It is now trading in the futures session for today, Tuesday, at 32,540 levels, an increase of about 11 points.
While the S&P (S&P500) index recorded gains at the close at 4.019 levels, an increase of about (47) points, or 1.19%, and it is now trading in the futures at 4.098 levels, with gains of about one point.
While the Nasdaq index recorded (223 points) gains, to close the session at 11,364 points, with gains of about 2.01%, and the futures are now trading stable.