Wall Street’s three main indexes closed lower on Wednesday, with investors predicting that the latest economic data will not help pull the US central bank out of its aggressive cycle of raising interest rates to tame inflation. much higher than desired.
The S&P 500 index closed down 0.75% at 4,101.23 points. The Dow Jones fell 0.54% to 32,813.23 points. The Nasdaq Composite technology index fell 0.72% to 11,994.46 points.
Data showed that, although they fell in April, open US jobs remained at high levels, an indication that continued wage increases contributed to uncomfortably high inflation as companies scrambled for workers.
Along with the data, investors monitored public comments from several Fed officials on Wednesday. And a central bank report showed the economy in most US regions expanded at a modest or moderate pace from April to the end of May, with signs that the financial institution’s efforts to cool demand had begun to be felt.
Among the top 11 sectors in the S&P 500, energy ended up 1.8% and was the only one to rise, trailing higher oil prices.
The worst performers were finance (-1.7%) and healthcare, which dropped 1.4% and took more points from the S&P 500. The basic consumer goods sector lost 1.3%, while basic materials and real estate also depreciated by more than 1%.
Source: CNN Brasil
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