Pressure on Wall Street returned with renewed momentum in the last minutes of the session, leading to red indicators, with investors adopting a wait-and-see attitude in anticipation of a new wave of corporate results in the coming days, as well as inflation data on Thursday.
The fluctuations in the US market continued today as investors remain nervous while awaiting the next moves of the Federal Reserve on the inflation front. The data to be released on Thursday is expected to show a new jump in consumer prices, to 7.2% in January, a level that, if confirmed, will be the highest since 1982.
The rally of inflation, combined with the strong recovery of the labor market have led analysts to expect a more aggressive campaign by the US Federal Reserve this year to control prices. The data released on Friday showed that the US labor market added another 467,000 jobs in January, surpassing even the most optimistic forecasts.
Analysts no longer rule out a 50-point rise in US interest rates in March.
Indicators – Statistics
On the board, the Dow Jones industrial average added 1.39 points and closed at 35,091.13 points, while the broader S&P 500 lost 16.66 points or -0.37% at 4,483.87 points. The technology Nasdaq fell by 82.34 points or -0.58% to 14,015.67 points.
Of the 30 stocks that make up the Dow Jones industrial average, 16 closed with a positive sign and 14 with a negative. The biggest gains were made by Boeing with gains of $ 4.47 or 2.65% at $ 211.92, followed by Chevron at $ 138.55 with gains of 1.96% and American Express at $ 187.87. with an increase of 1.09%.
The three stocks with the biggest losses are Microsoft (-1.63%), Merck (-1.25%) and Dow (-1.14%).
Meanwhile, investors are preparing for another barrage of corporate results in the coming days, including Walt Disney and Twitter
So far, 56% of S&P 500 companies have reported quarterly results, with 79% exceeding analysts’ estimates for profits and 77% for revenues.
The stock of Meta Platforms lost 5.1%, remaining on a downward trajectory for the third consecutive session after the historic dip last week that followed the gloomy forecasts of the company. At the same time, the Meta warned in the annual report released last Thursday on the risk of “not being able to offer some of the most important products and services, including Facebook and Instagram, in Europe” unless there is a new agreement on transatlantic transmissions. data.
On the other hand, the share of Amazon.com closed with small gains of 0.2%, expanding its gains from Friday’s jump that followed the strong quarterly gains of the American giant.
Source: Capital
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