US stocks close lower, with monetary tightening on the radar and techs

New York stock markets ended the day down on Monday (29), extending Friday’s fall. It still continued to influence the outlook for higher interest rates in the US, which tends to be negative for equities.

Today, the technology sector was among the most pressured on US stock markets, but the energy sector showed strong gains, supported by oil.

The Dow Jones Industrial Average closed down 0.57% to 32,098.99 points, the S&P 500 was down 0.67% to 4,030.61 points and the Nasdaq was down 1.02% to 12,017.67 points.

On a day without important indicators, investors were already preparing for the publication of Friday’s monthly employment report (payroll), another important component for the Fed’s next decision.

In CME Group’s monitoring, the chance of a 75 basis point rise on Sept.

Among the Fed leaders, Neel Kashkari (Minneapolis) said today he was “happy” with the reaction of the markets to the Friday speech of the American Central Bank President, Jerome Powell. According to Kashkari, the Fed’s willingness to bring inflation back to the 2% target was clear.

In the stock markets, the negative tone prevailed for part of the day, but the indices came to flirt with blue in part of the afternoon, and then return to red. The energy sector was a positive highlight, compared to oil gains.

Already some tech stocks have come under pressure. Among some heavy stocks, Apple fell 1.37%, Microsoft retreated 1.07% and Intel, 1.26%. Meta closed down 1.61%, Amazon lost 0.73% and Alphabet lost 0.83%.

Among banks, Citigroup fell 0.82% and Morgan Stanley, 1.68%. Already Boeing rose 0.54% and, among the oil companies, Chevron advanced 0.75% and ExxonMobil had a gain of 2.30%.