Technology companies are restoring confidence to Wall Street, where trading started higher in the aftermath of a session held back by disappointing quarterly earnings. The one that arrived yesterday after Apple's markets were closed (+7,43%) shattered all estimates. The market toasted Yahoo's decision (+2,9%) to carry out a tax-free spin-off of its $40 billion stake in Alibaba (-3,49%).
The accounts of the defense giant Boeing (+3,26%) and of the telephone company AT&T (+2,21%, although the latter were at a loss) were also above expectations. Now the market is waiting for the end of the Federal Reserve meeting to understand if it will be "patient" in raising rates for the first time since 2006. After the first few minutes of trading, the Dow Jones rises by 59 points, 0,34% At 17.446, the S&P 500 advanced 12,39 points, 0,61%, to 2.041, the Nasdaq added 56 points, 1,2%, to 4.77. Oil turns negative again in March: -2,29% to 45,17 dollars a barrel.
