The US stock markets opened Wednesday’s trading in positive territory but fell back after the US Federal Reserve opened the door for a possible interest rate hike at the June meeting.
The banks went against the trend and advanced on the news.
The Dow Jones Industrial Average was at closing unchanged at 17,526. On the broader market, the S & amp; P 500 unchanged at 2,048, while the Nasdaq Composite rose by 0.5 percent to 4739.
Members of the US Federal Reserve said in its minutes of the meeting held in April to raise the federal funds rate in June is possible if incoming data shows a continued improvement in the economy. The members tried to even it dampen market expectations of a rate hike in June would be unlikely.
“Although the Committee is not committed to an increase in June, it was clear that they wanted their options open for the meeting “wrote Dow Jones Newswires.
Furthermore, the minutes showed a mixed picture regarding the surrounding world economic utsiker. Some members felt that the risks were “roughly balanced”, while others remained concerned about the risks in the global economy.
Defensive shares fell after the publication of the minutes. Finance Related went in the opposite direction and advanced after the announcement. The sector noted JP Morgan, Goldman Sachs and Morgan Stanley increases of 3.9, 3.4 and 4.2 percent.
Getinge competitor Steris reported an adjusted net income of $ 0.90 per share in the fourth quarter of the split financial year, compared with $ 0.98 in the same period last year. Market expectations low at $ 1.01 per share, according to Zacks Consensus Estimates poll. Revenues amounted to $ 690 million, expected were $ 701 million.
For the full year, the company tracks an adjusted earnings per share of 3.85-4.00 dollars. The market is forecast at $ 3.92. Sales are expected to increase by 25-26 percent, with 7 percent organic. The market is forecast at 23 percent. Shares dropped 2.3 percent.
Lowe’s reported an adjusted profit for the first quarter of $ 0.87 per share, which was above analysts’ consensus stood at $ 0.85. Sales in comparable stores was higher than expected. The share closed 3.3 percent higher.
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