![]() ![]() In March, the S & P500 index updated its absolute historical high, reaching the mark of 2400.0. How will speech Janet Yellen affect the US stock market - it is difficult to say for the time being. The fact that the Fed intends to raise just two more times this year's rates, market participants have already heard last week, when the Fed made a decision on the rates. It is possible that the dollar will receive support if Janet Yellen's speech contains signals to accelerate rates of rate hikes in the US. Tomorrow at 12:00 (GMT) the speech of the head of the Federal Reserve, Janet Jellen, begins. According to the Bank of America Merrill Lynch, almost a third of investors consider shares overbought, which is the maximum level for 17 years. It seems that now all the attention of investors is focused on whether Trump will manage to fulfill his promises. The dollar is not even helped by the tightening of monetary policy on the part of the Fed. ![]() The US dollar is also weakening in the foreign exchange market amid investor skepticism about the likelihood that Trump will fulfill his promises to stimulate the US economy. Now, many investors are increasingly skeptical about President Trump's plans to stimulate the economy. After Trump's victory in the elections, US stocks and the dollar rose against the backdrop of hopes that Donald Trump is implementing his program to support business, reduce taxes and increase budget spending, including on the US infrastructure. The yield of 10-year US government bonds fell, according to Tradeweb, to 2,432% from 2,472% the day before. The fall in oil prices also puts pressure on the oil and gas sector in the S & P500 index. The subindex of shares of industrial companies fell by 1.5%. The most affected stocks are in the financial sector, which fell sharply Tuesday along with the yield of government bonds. ![]() So, the Dow Jones Industrial Average dropped by 238 points (by 1.1%), Nasdaq Composite fell by 1.8%, S & P500 fell by 1.2%. As a result of the Tuesday session, the main stock indexes recorded the maximum decline since the beginning of this year. However, yesterday the US indices fell sharply, for one day having crossed the entire growth of this month. ![]()
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