The increase rate of the gross domestic product (GDP) in the U.S. for the second quarter of this year was recorded at 3.0%, exceeding market expectations. However, the New York stock market started in a mixed zone as a wait-and-see attitude prevails ahead of the Federal Reserve's interest rate decision.
As of 9:30 a.m. Eastern Time on the 30th, the Dow Jones Industrial Average, a group of blue-chip stocks on the New York Stock Exchange (NYSE), recorded a rise of 3.08 points (0.01%) to 44,636.07. Meanwhile, the Standard & Poor's (S&P) 500 index increased by 7.53 points (0.12%) to 6,378.39. The tech-heavy Nasdaq Composite index showed a rise of 53.54 points (0.25%) to 21,151.83.
The U.S. Department of Commerce announced that the increase rate of the gross domestic product (GDP) for the second quarter in America recorded 3.0% (annualized compared to the previous quarter). This is significantly above the market expectations (2.3% to 2.6%). However, as the Federal Reserve's interest rate decision and the earnings report of major corporations such as Microsoft are still pending, investors are maintaining a wait-and-see approach.
European stocks are on the rise. The Euro Stoxx 50 index has increased by 0.43% compared to the previous session. Additionally, the German DAX index rose by 0.19%, and the French CAC40 index saw a growth of 0.60%. In contrast, the UK FTSE index has decreased by 0.06%.
International oil prices are also rising. As of 9:30 a.m. on the same day, the price of West Texas Intermediate (WTI) for September delivery, the nearest month contract, recorded $69.71 per barrel, a rise of 0.72% compared to the previous session. The price for Brent crude for September delivery showed an increase of 0.63% to $72.97 per barrel.