US stocks close without a single signal, with recovery in the final stretch of the trading session

New York stock markets had a negative picture in the early hours of this Thursday (1st), with a higher-than-expected data from the US industry reinforcing bets on interest rate hikes by the Federal Reserve (Fed, the US central bank) . Towards the end of the trading session, however, there were highs and the indices reached the end of the day without a single sign.

The Dow Jones Industrial Average closed up 0.46% to 31,656.42 points, the S&P 500 rose 0.30% to 3,966.85 points and the Nasdaq fell 0.26% to 11,785.13 points.

The Institute for Supply Management (ISM) said the U.S. manufacturing purchasing managers index (PMI) held steady at 52.8 in August, when analysts had forecast a drop to 51. 8. After the data, New York stock exchanges extended losses, while monitoring by the CME Group increased the chance of a 75 basis point hike in interest rates by the Fed on the 21st of this month.

The prospect of monetary tightening guaranteed a negative tone to the business, but there was room for reaction in the Dow Jones and the S&P 500, which interrupted a sequence of four negative days. Among the sectors, communication services, health, industry, concessionaires and consumer-related papers showed gains. Energy and technology were among the casualties.

Among stocks in focus, Okta registered a drop of 33.70%, after the company that sells software for companies published a balance sheet with higher-than-expected numbers, but with weak forecasts for the rest of the year. Other cloud computing companies were also under pressure in this context, with MongoDB down 25.32% and Veeva Systems down 13.88%.

Among other major stocks, Apple rose 0.47%, Amazon gained 0.83% and Meta, 1.49%. Microsoft, on the other hand, dropped 0.41%, Boeing dropped 4.11% and, among the oil companies, Chevron recorded a drop of 1.59% and ExxonMobil, of 1.80%.

*With information from Dow Jones Newswires