untitled design

US stocks operate at a low with spot inflation; Tesla keeps falling

The main indices of the USA operate in fall on the morning of this Tuesday (9). While the Dow Jones retreated 0.25%, at 36,329 points, at 11:50 am, Brasília time, the Nasdaq and S&P 500 dropped 0.12% and 0.12%, at 15,962 points and 4,695 points, respectively.

Among the main highlights is the release tomorrow (10) of US inflation data, which may provide more details on when the Fed (Federal Reserve, US Central Bank) will raise interest rates.

The North American Bacen has already announced a reduction in its purchases of bonds by US$ 120 billion per month, but said in its last meeting that it will have patience in relation to the increase in borrowing costs.

Keeping interest rates low in the world’s largest economy is seen as favorable to risky assets such as emerging country currencies.

In October, US inflation was 5.4% in 12 months.

US investors still have on the radar the moves that executives are making to try to derail the project of the president of the United States, Joe Biden, which aims to make multinational companies pay more taxes in the country, around US$ 800 billion, in totality.

The market believes that companies can transfer their loans and investments abroad, seeking to evade the spending law.

On the other hand, according to Filipe Villegas, an analyst at Genial Investimentos, points out that North American commodities can give the indices a breather.

WTI Crude Oil, traded in New York, was up 0.88% to $82.81, and London Stock Exchange industrial metals such as copper and nickel rose this morning.

business moves

According to The Wall Street Journal, General Electric has said it will split into three publicly traded companies, breaking up the century-old conglomerate.

The strategy was revealed after Larry Culp took control of the ailing company and tried to stabilize operations by selling portions of GE’s businesses.

The darling of technology, Tesla, slipped and fell 4.84% in yesterday’s session (8), after the CEO, Elon Musk, published a poll if he should sell 10% of the company. In September, the shares appreciated around 50%.

And meanwhile, Roblox shares jumped more than 25% ahead of the market after the online entertainment company said its revenues more than doubled in the third quarter.

Reference: CNN Brasil

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular