S&P 500 up today while Bitcoin falls to $76
- S&P 500 rises as technology leads Wall Street.
- Bitcoin drops to $76 on Friday
- Dow Jones and Nasdaq are trading higher today.
Financial markets opened this Friday (22) in positive territory in the United States, while investors monitor diplomatic negotiations between the US and Iran and watch Bitcoin fall to the US$76 thousand range.
The S&P 500 rose 0,64% to 7.493,65 points, extending its positive streak for the week. The Dow Jones advanced 0,89%, reaching 50.734,38 points, while the Nasdaq registered a 0,49% increase, trading at 26.420,87 points, supported mainly by technology stocks.
Among other indicators of the American market, the Russell 2000 showed a gain of 1,07%, to 2.873,82 points. Meanwhile, the VIX volatility index fell 1,07%, to 16,58 points, signaling a reduction in immediate investor concerns.
In the cryptocurrency market, Bitcoin was down 0,79%, trading at US$76.698,19. This movement comes amid profit-taking after the strong appreciation seen in recent weeks and a repositioning of investors in light of the global macroeconomic scenario.
Investors are also closely watching commodity prices. Gold was down 0,45%, trading at 4.522,00 points, while Brent crude oil remained virtually stable, quoted at US$102,55 per barrel.
Earlier in the week, markets were pressured by concerns related to persistent inflation in the United States and the possibility of the Federal Reserve maintaining high interest rates. However, the mood shifted after signs of progress in negotiations between Washington and Tehran.
On Thursday, State Secretary Marco Rubio and Iranian media outlets indicated progress in discussions surrounding a possible peace agreement. Nevertheless, investors continue to assess sensitive points in the negotiations.
The market is also monitoring the impacts related to the Strait of Hormuz, a strategic region for global oil transport. Any disruption in the energy flow could raise fuel costs and further pressure global inflation.
Recent data from the University of Michigan showed a drop in American consumer confidence during May, while inflation expectations rose again, keeping the Federal Reserve in the spotlight for investors.
Earnings season continues to influence the stock market. Booz Allen Hamilton reported profits above market expectations, although its revenue fell short of analysts' projections.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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