Wall Street is a new top with the support of producers' price data

US stocks continued their increase on Wednesday after the producers’ price index report, which strengthened the wholesale price inflation with less than expected, the hope of interest rates next week, and Wall Street analysts increased their expectations about US stock market performance. The S&P 500 index rose 0.3% at the end of the session in New York, with a new record. The share of “Oracle” was one of the most profitable stocks in the index, and has recorded its largest daily height since 1992, to positive expectations for his work in the field of cloud computing. These expectations come to positive expectations for the cloud computing sector of alphabet. Read the details: The market value of “Oracle” is more than $ 880 billion thanks to cloud services an unexpected decline in producers’ prices. This increase comes after an unexpected decline in producers’ prices in the United States for July, which is the first monthly decline since April, which, according to traders, opens the door to a sharp reduction in interest rates by the Federal Reserve from next week. “The possibilities of the most important interest rate are increasing by 0.5% next week,” says Luis Naviller, CEO of investment at Navilier and Assocets. Also read: US producers price index supports interest reduction. The Dow Jones Industrial Index, which includes the shares of leading companies, concluded the trade session with a 0.5%decline. On the other hand, the Nasdaq 100 index, which includes the shares of technology companies, was closed without a significant change. “The report of the producers’ price index highlights the need to reduce interest by the Federal Reserve during the next week,” says Bill Adams, Komerica Bank chief economist. While Adams expects a 25 -point rate reduction, he indicated that traders increased their expectations to reduce 50 basis points to the publication of producers’ price data Wednesday. Waiting for the consumer price index tomorrow, investors will review the data from the consumer price index to discover more indicators on the velocity of reducing interest by the Federal Reserve. Market strategy analysts show their optimism about stock markets before reducing interest rates. The “C & Partners” team recently increased its forecast for the “S&P 500” index, which is expected to reach 6700 points by the end of 2026. Jonathan Gulop, the most important stock strategy in the business, said in a research note: “The technological sector is expected to continue in leadership.” These expectations come to each of “Deutsche Bank”, “Barclays Bank” and “Wales Vargo Sikoric’s” have also increased their expectations, in light of positive expectations for US businesses’ shares.