US stocks close lower, with focus on US data and earnings

The New York stock market closed down on Tuesday (26). The picture was already negative at the opening, with earnings and other news from the corporate sector weighing on the mood of the stock markets, and it worsened after weak indicators from the United States.

In addition, investors were positioning themselves for important balance sheets, forecast for after the trading day and the rest of the week, and also for tomorrow’s monetary policy decision from the Federal Reserve (Fed, the US central bank).

The Dow Jones Industrial Average closed down 0.71% to 31,761.54 points, the S&P 500 was down 1.15% to 3,921.05 points and the Nasdaq was down 1.87% to 11,562.57 points.

After yesterday’s no-signal close, Walmart has revised downwards earnings forecasts for the second quarter and fiscal 2023. The company’s stock is down 7.61% today and the update has raised fears for the retail sector in general. , in a context of loss of breath of the American economy.

This morning, General Motors and McDonald’s published results, with numbers lower than expected by the market. The shares retreated today 3.27% and 2.58%, respectively. 3M rose 5.00% after announcing it will spin off its healthcare business, paralleling its second-quarter balance sheet. There were still expectations for important balance sheets after the closing, such as those of Microsoft, Alphabet and Visa. Before that, the shares retreated today 2.68%, 2.32% and 1.05%. Amazon, meanwhile, fell 5.26%.

On the indicator agenda, consumer confidence and new home sales data in the US frustrated analysts’ forecasts, which made the picture on the New York stock exchanges worse in the late morning. In the afternoon the negative picture continued, with the Nasdaq index more pressured.