Wall wait ahead of results and Fed

Wall Street’s main indexes finished mixed on Monday, with investors taking a wait-and-see attitude ahead of a new barrage of corporate results in the coming days and the crucial Federal Reserve meeting midweek.

A total of 175 S&P 500 companies report their results this week. Investment interest is expected to be monopolized by the technology sector as the giants Apple, Alphabet, Microsoft, Meta Platforms and Amazon announce their quarterly statements in the coming days.

At the same time, investors are also preparing for the Federal Reserve’s monetary policy decisions. The US central bank is expected to announce another rate hike of 75 basis points on Wednesday, despite growing concerns about the impact on growth from aggressive monetary policy tightening.

Investors’ attention will be particularly focused on statements by Fed Governor Jerome Powell for possible new clues about the Fed’s intentions regarding the Fed’s next moves, as investors remain hopeful that the Fed will slow its pace of tightening. policy in order to protect the economy.

Indicators – Statistics

On the board, the Dow Jones gained 90.75 points, or 0.28%, to end at 31,990.04, while the S&P 500 added 5.21 points, or 0.13%, to 3,966.84. The tech Nasdaq lost 51.45 points, or -0.43%, to 11,782.67.

Of the 30 stocks that make up the Dow Jones industrial index, 18 closed with a positive sign and 11 with a negative. Chevron was the biggest gainer with gains of $4.29 or 2.98% to close at $148.48, followed by Travelers at $159.98 with an increase of 2.28% and Caterpillar with gains of 1.79 % to $181.81

The biggest losers were Salesforce (-2.84%), McDonald’s (-1.42%) and Boeing (-0.96%).

Indexes closed with strong gains last week, with the Dow Jones industrial average up 2% and the broader S&P 500 gaining 2.6%. The tech Nasdaq rose 3.3%.