LAST UPDATE: 18.00
The main Wall Street indexes are moving with losses on Wednesday, with investors weighing the strong results announced by the large retail chains with the inflation concerns.
In particular, the strong data on retail sales and industrial production announced yesterday in the US helped allay concerns about the impact of the inflation rally on consumer behavior and manufacturing.
However, investors appear reluctant to push the Wall to new all-time highs, looking to the Federal Reserve’s next move and whether it will raise interest rates sooner than expected amid signs that the economic recovery is well under way. road.
The US market is also assimilating the strong profits of retail companies announced today. In particular, Target continues to show the same strength at the end of the year as at the beginning, announcing earnings and revenue in the third quarter that exceeded Wall Street estimates. Net income was $ 1.49 billion, or $ 3.04 a share, up from $ 1.01 billion, or $ 2.01 a year. Its share, however, trades with losses of more than 5% at the beginning of the session.
Lowe’s up 2.3% on record ground with home appliance retailer to announce profits and revenues for the third quarter that exceeded expectations, a surprise increase in sales of own stores, while revising its outlook for the whole year.
In the meantime, his performance 10-year government bond of the USA remains stable with declining trends just below 1.64%, while the US dollar notes a small drop of 0.02%.
In macro of the day A drop of 0.7% was recorded in the opening of houses in October in the US, as shortages of some materials and the jump in prices continue to limit construction activity.
In particular, home declines fell 0.7% to a seasonally adjusted 1.520 million units last month, according to Commerce Department data.
Indicators – Statistics
On the dashboard, the industrial Dow declines by 0.4% around 36,000 points, the widest S&P 500 loses 0.11% to 4,695 points and the tech Nasdaq slips by 0.08% to 15,960 points.
From 30 shares that make up the Dow, 13 move with a positive sign and 17 with a negative. Boeing (+ 1.28%) and Apple (+ 0.8%) are leading the gains, while Visa Inc (-5.4%) and Goldman Sachs (-2.2%) are the biggest losers.
The “dip” of Visa Inc. comes after Amazon announced that it plans to stop accepting payments via Visa credit cards in the UK from next year. According to CNBC, Amazon has told some customers that from January 19 onwards, the company will no longer accept Visa credit cards issued in the UK “due to the high fees charged by Visa for credit card transactions”. . Amazon shares are down 1%.
Shares of some electric vehicle makers are falling, putting the brakes on a rally that has overtaken traditional carmakers such as General Motors in capitalization.
In particular, luxury electric car maker Lucid Group fell 2%, while Rivian Automotive Inc plunged 14%, for the first time since its impressive US stock market debut last week, making it the second most valuable US carmaker.
Tesla shares rose 1.1% for the second day in a row following news that Elon Musk Musk had sold other $ 973 million shares to pay taxes after the exercise of the option.
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I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
