New York stock markets recorded declines on Tuesday (9). The Nasdaq index showed greater losses, with shares of the technology and communication services sectors in general falling, but the Dow Jones was close to stability for most of the trading session, on a day of expectation for the publication, next morning, of the index of consumer prices (CPI) in the United States.
The Dow Jones Industrial Average closed down 0.18% to 32,774.41 points, the S&P 500 was down 0.42% to 4,122.47 points and the Nasdaq was down 1.19% to 12,493.93 points.
call actions giant techs were generally under pressure. In the markets, there were expectations for the publication this Wednesday of the US CPI for July. Analysts expect a loss of breath in the full index, but a mixed picture in the core of the data, highlighting that inflation remains far from the 2% target of the Federal Reserve (Fed, the American central bank). If there is an upward surprise in the data, this should reinforce bets of greater monetary tightening, which tends to be negative for equities.
S&P Global today published research, in which it notes that US equity investors “remain risk-averse” amid fears about inflation and economic growth. The global macroeconomic framework, geopolitics and central bank policies are identified as the main brakes for the market at the moment, according to the agency’s survey.
Among actions, the highlight was the American chip makers. Despite President Joe Biden having signed an investment law for high technology in the country, especially for semiconductors, Micron Technology (-4.09%) warns of lower-than-expected revenue in the current quarter, a day after lower-than-expected results by Nvidia (-3.97%) were on investors’ radar. In the analysis of Oanda analyst Edward Moya, the sector has proved to be a challenged market for all participants. For him, after having fallen for most of the first half of the year, the recovery of big techs may have reached the end.
Source: CNN Brasil

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