(Finance) – The US economy is “technically” in recessionhaving recorded a negative second quarter. US GDP fell 0.9% quarter on quarter after the previous -1.6%, doing worse than expected of analysts who indicated an increase of 0.5%. A slowdown conditioned by consumption, which slowed down to + 1% from + 1.8%.
But the American President Joe Bidenciting Powell, reiterates “we are not in a recession” and states that the slowdown in progress “not a surprise” after the measures taken by the US central bank.
“Even as we face historical global challenges, we are on the right track and will emerge from this transition stronger“, continues Biden, pointing out” our job market remains solid, and consumer spending continues to grow “.
The same confidence was expressed by the Secretary of the Treasury Janet Yellenaccording to which “the US economy remains resilient in the face of headwinds “.
Meanwhile, the US stock market does not seem to break down and shows a gain of 1.03% on the Dow Jones; on the same line, day of earnings for theS & P-500, which continues the day at 4,067 points. The Nasdaq 100 (+ 0.65%); on the same line, rising theS&P 100 (+ 0.89%).
The sectors are in good evidence in the S&P 500 utilities (+ 3.14%), industrial goods (+ 1.93%) e consumer goods for the office (+ 1.65%). The sector telecommunicationswith its -1.31%, it is the worst of the market.
At the top of the ranking of American giants components of the Dow Jones, Honeywell International (+ 3.90%), Nike (+ 3.10%), Wal-Mart (+ 2.84%) e Microsoft (+ 2.74%).
The strongest sales, on the other hand, show up on Travelers Companywhich continues trading at -2.27%.
Intel drops by 1.03%.
Lazy JP Morganwhich shows a small decrease of 0.62%.
On the podium of the Nasdaq titles, Constellation Energy (+ 16.01%), Old Dominion Freight Line (+ 6.58%), Align Technology (+ 6.38%) e Ansys (+ 3.91%).
The strongest sales, on the other hand, show up on Charter Communicationswhich continues trading at -9.20%.
Thud of Pinduoduo Inc Spon Each Repwhich shows a fall of 8.27%.
Letter on Comcastwhich records a significant decline of 7.97%.
Goes down Meta Platformswith a fall of 6.62%.