The New York Stock Exchange ended sharply higher on Friday thanks to a technical rebound at the end of a week of sharp decline. J. Powell indicated that the Fed does not favor very strong hikes of 75 basis points but rather of 50 basis points, at the next two meetings in June and July.
Growth stocks have picked up. Apple recovered 3.19% to 147.11, after being dethroned by Saudi Aramco yesterday as the world's largest market cap. Amazon jumped 5.73% to 2,261.1, Microsoft jumped 2.26% to 261.12 and Alphabet climbed 2.84% to 2,321.01.
For its part, Tesla recovered by 5.7% to 769.59, while Elon Musk announced that his plan to buy Twitter (-9.67% to 40.72) for $44 billion was suspended in waiting for clarification on fake accounts and spam.
The banking sector was also in demand ( JPMorgan Chase gained 0.89% to 119.09, CitiGroup 2.32% to 47.64, and Goldman Sachs 2.53% to 306.99) in the wake of the easing of interest rates. 'interests.
Cryptocurrency prices (bitcoin +2.72% to 30,402) regained ground on Friday after a terrible week, marked by the crash of the stable coin UST and the cryptocurrency Luna, both managed by the Terra blockchain.
Online brokerage app Robinhood soared 24.88% to 10.69 after chief executive and founder of cryptocurrency exchange FTX Samuel Bankman-Fried took a stake 7.6% stake in Robinhood Markets.
Billionaire Warren Buffett's investment firm, Berkshire Hathaway (+0.73% to 465,011) increased its stake in oil group Occidental Petroleum (+8.21% to 64.08) this week by buying 901,774 shares for $51.7 million.
The payment service group Affirm Holdings (+ 31.43% to 23.71) raised its annual turnover target, after the 54% growth in its quarterly sales, and extended a multi-year partnership with the platform. form of online commerce Shopify (+ 13.85% to 402.48) in the United States.
The Dow Jones gained 1.47% to 32,196.66 points, the Nasdaq Composite 3.82% to 11,805 points, and the S&P 500 2.39% to 4,023.89 points. Over the week, the Dow Jones lost 2.13%, the Nasdaq Composite 2.79%, and the S&P 500 2.41%.