<\/p>\n
\u00a0The three major US stock indexes regained their gains at the close of the trading session on Tuesday, May 18th, after statements by US Federal Reserve Chairman Jerome Powell, who indicated in his appearance in the Wall Street Journal at the Future of Everything event that there are a number of paths to slow inflation without triggering a recession Economical.<\/p>\n
Jerome Powell said that the bank is committed to reducing the inflation rate by raising interest rates, even if it comes to raising them above neutrality, stressing that the financial conditions have become more tight.<\/p>\n
On the other hand, the strong economic data supported investor sentiment during the session, as the US retail sales data showed a growth of 0.9% in April, contrary to expectations that indicated a decline to 0.5%.<\/p>\n
In a related development, Walmart, the retail giant, announced quarterly results, and achieved revenues below analysts\u2019 expectations, with net income of $2.05 billion and earnings of $0.74 per share in the quarter ending last April.<\/p>\n
The company\u2019s share declined by about 11% at closing at 131.35 levels, in the largest daily loss since 35 year. On the other hand, Home Depot’s profits supported the Dow Jones index, as the profits of the largest home improvement retailer in the United States exceeded analysts’ expectations, recording profits of $38.91 billion and earnings per share of $4.09.<\/p>\n
Twitter\u2019s stock ended the session\u2019s trading session with gains of about 2.49% at levels of $38.32 as the company remains in focus after Elon Musk set a main condition for his pending purchase of $44 billion from Twitter, which is transparency that the number of fake accounts, as Musk indicated that he believes that approximately 20% of the accounts on Twitter are fake, while the CEO asserts that it is less than 5%.<\/p>\n
The Dow Jones Industrial Average closed up by (431) points at the close at 32.654 levels, with gains of about 1.34%, and is now trading in the futures for today’s session, Wednesday, at 32.540 levels, down by 41 points.<\/p>\n
While the S&P 500 index recorded highs at the close at 4.088 levels, up by about (80) points or 2.02%, and is now trading in futures at 4.075 levels, down by about 10 points.<\/p>\n
While the Nasdaq index recorded gains by (321 points) to close the session at 11.984 points, recording a profit of about 2.76%, and it is now trading in futures, down by about 50 points.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
\u00a0The three major US stock indexes regained their gains at the close of the trading session on Tuesday, May 18th, after statements by US Federal Reserve Chairman Jerome Powell, who indicated in his appearance in the Wall Street Journal at the Future of Everything event that there are a number of paths to slow inflation […]<\/p>\n","protected":false},"author":1,"featured_media":4202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-4201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-18"],"acf":[],"yoast_head":"\n