The Wall Street index started the week with small losses after last week’s record and while investors are waiting for the crucial decisions of the largest central banks in the world in the wake of the data announced last week and showed a rally of consumer prices in many decades.
US stocks traded up 4% last week, with the S&P 500 setting its 67th record for 2021 on Friday. The index gains 25% since the beginning of the year.
Data released on Friday showed that inflation jumped to a 39-year high in the US in November, reaching 6.8%. The price spike in recent months, spurred by the unprecedented rally in energy prices, has prompted Federal Reserve officials to abandon their initial estimate of transient inflation.
Analysts are now waiting for the US Federal Reserve to announce on Wednesday, after the end of the two-day monetary policy meeting, the faster contraction of bond markets in the quantitative easing program launched in the outbreak of the coronavirus crisis. With the completion of the program in 2022, the central bank is expected to start raising interest rates at the end of the first half of the year or even earlier.
Indicators – Statistics
On the board, the Dow Jones industrial average lost 227.20 points or -0.63% at 35,743.79 points, while the broader S&P 500 fell 21.27 points or -0.45% to 4,691.09 points. The technology Nasdaq loses 51.32 points or -0.31% to 15,582.02 points.
Of the 30 stocks that make up the Dow Jones industrial average, six are moving with a positive sign and 24 with a negative one. The biggest gains were made by Coca-Cola with gains of $ 1.24 or 2.21% at $ 57.53, followed by Salesforce.com at $ 269.40 with an increase of 1.26% and Johnson & Johnson at $ 166.55 with gains of 0.64%.
The three stocks with the biggest losses are American Express (-2.79%), Boeing (-2.65%) and Dow (-2.13%).
Monetary policy decisions are not limited to the US Federal Reserve, as the Bank of England, the European Central Bank and the Bank of Japan are also meeting this week.
Developments on the micron mutation front are also attracting investment attention, with British Prime Minister Boris Johnson announces the first death from the strain in the country and warn of a tidal wave of infections in the near future.
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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.
