The stock markets in New York were on a profit halfway through the day on Wednesday. That means Wall Street is on a record hunt. In the meantime, the broad S&P 500 even briefly exceeded the limit of 3000 points. Investors processed the words that Jerome Powell, president of the Federal Reserve, spoke in front of the House of Representatives. According to him, the bank umbrella is ready to intervene where necessary. The leading Dow-Jones index was 0.4 percent higher at 26,883 points around 19:30 (CE time). The broad S&P 500 again fell below 3000 points, but was still 0.5 percent in the plus at 2995 points. Nasdaq technology index measures 0.8 percent to 8203 points. Connoisseurs see in Powell’s performance confirmation that there is likely to be an interest rate cut soon. After all, the Fed Preses had the opportunity to help the market out of that expectation, but he didn’t seize that opportunity. Among the companies, attention went to Levi Strauss, who lost 11 percent after figures. Turnover of the jeans maker went up, but the profit fell sharply, mainly due to costs for the IPO in March. Pharmaceuticals Pfizer saw its market value rise 1.5 percent. The European Commission approved, subject to conditions, the merger of the consumer components of Pfizer and the British counterpart GlaxoSmithKline. Pfizer must, however, dispose of the ThermaCare brand, known for its heat compresses, among other things. Tesla won 2.6 percent. The group would make preparations to increase its production of electric cars at the factory in Fremont, Tesla’s only complete car factory for the time being. With regard to trade developments, high-level consultations between the US and China have resumed following the previously agreed ceasefire in the trade dispute. According to Larry Kudlow, economic adviser to the White House, the talks were constructive, but no miracles are to be expected. The euro was worth $ 1,1257 against $ 1,1262 at the close of the European stock markets earlier in the day. A barrel of American oil became 4 percent more expensive at $ 60.12. The price of Brent oil climbed 4 percent to $ 66.73 per barrel.