Moscow. December 17. U.S. stock indexes rose for the third consecutive day, pre-Christmas “rally Santa Claus” is in full swing, on Wednesday increased its first increase of the basic interest rate of the Federal reserve system (the fed) since June 2006, reported Bloomberg.
As expected by the market, the fed lifted the rate by 25 basis points to 0.25-0.50% per annum.
On Wednesday, the S&P 500 virtually eliminated the decline since the beginning of December and is expected to complete in 2015, until the end where he has only 10 trading sessions in the green zone.
According to chief investment strategist State Street Global Advisors Michael Aaron, the fed’s decision “clears the way” for the rally to the end of the year, because it brings clarity and certainty, which was needed by the market. It is possible that the S&P 500 is again approaching historic highs seen in may, the expert added.
The main risk for the stock market are oil prices. On Wednesday, WTI crude oil fell by 4.9%, as its stocks in the U.S. jumped to a high for this time of year since 1930. Against this background, the action fell oil companies.
Stock quote Walt Disney Co. grew by 1.5% in anticipation of success at the box office of the film “Star wars: the Force Awakening”. Analysts predict the new film of the legendary Saga revenue of $9.6 billion for the year after the release, making it one of the most lucrative in the history of cinema.
Courses of securities FedEx Corp. and Oracle Corp. increased respectively by 2.9% and 1.8%. Both companies have published financial statements over the previous quarter after the market close.
The market value of Amgen Inc. rose 1.2% after the biotech firm announced higher dividends.
The capitalization of the steel company Nucor fell 3.8% after it downgraded its financial Outlook for the fourth quarter.
The Dow Jones Industrial Average at the end of trading on 16 December increased by 224,18 paragraph (1,28%) – to 17749,09 item.
Standard & Poor’s 500 rose 29,66 paragraph (1,45%), amounting to 2073,07 item.
The value of the Nasdaq Composite increased by 75,78 paragraph (1,52%) – to 5071,13 item.