Cautious Wall in anticipation of Fed decisions

The main indicators of Wall Street are moving with mixed signs on Tuesday in a climate of caution shortly before the decisions of the Federal Reserve, which may proceed tomorrow to the most aggressive tightening of its policy in recent years.

The Fed’s two-day monetary policy meeting concludes tomorrow with investors expecting a larger increase in US interest rates by 50 basis points, instead of the traditional 25-point increase. as well as the beginning of the cycle of shrinking the balance sheet of the central bank with the sale of bonds.

Concerns about the risk that the aggressive tightening of monetary policy will stifle the growth of the US economy have triggered strong shocks in the markets, with the S&P 500 index losing almost 9% in April.

Indicators – Statistics

On the board, the Dow Jones lost 53.33 points or -0.16% at 33,008.17 points, while the broader S&P 500 recorded marginal changes at 4,155.86 points. The technology Nasdaq is down 33.70 points or -0.27% at 12,505.71 points.

Of the 30 stocks that make up the Dow Jones industrial average, 13 are moving with a positive sign and 17 with a negative. Goldman Sachs Group traded up $ 2.39, or 0.77%, to $ 312.81, followed by Travelers at $ 171.35 and JPMorgan Chase at $ 0. , 66% to $ 121.24.

On the other hand, the three stocks with the biggest losses are Nike (-3.36%), Microsoft (-0.96%) and Home Depot (-0.87%).

Investment attention, meanwhile, continues to garner quarterly results, with Pfizer, Biogen and Estee Lauder among the big names announced before the opening of trading. After the market closes, Advanced Micro Devices and Starbucks, among others, will announce their results.