(Finance) – The Wall Street stock market remains weak in the middle of the session, after Jerome Powell’s words. The Fed president, speaking at a banking event in Amsterdam, spoke of inflation slowing down less than expected and expecting it to “continue to slow down in 2024, as he has already done in 2023”. But this belief, Powell later explained, “is no longer as strong as it was in the past.”
Now investors remain on the sidelines awaiting the publication tomorrow of the data on American inflation for April, which will give new indications to the markets on the timing of the expected cut in US interest rates, as the quarterly season.
Among US indices, the Dow Jones it is substantially stable and stands at 39,409 points; along the same line, theS&P-500, which continues the day at 5,224 points. Consolidates the levels of the day before Nasdaq 100 (+0.18%); on the same trend, on parity theS&P 100 (+0.08%).
All sectors slide on the American S&P 500 list. At the bottom of the ranking, the greatest declines occur in the sectors power (-0.68%) e office consumables (-0.61%).
Among the best Blue Chips of the Dow Jones, Goldman Sachs (+1.24%), Boeing (+1.10%), Intel (+1.08%) e American Express (+0.79%).
The worst performances, however, are recorded on Visawhich gets -1.64%.
Negative session for Wal-Martwhich shows a loss of 1.54%.
It moves below parity Coca Colahighlighting a decrease of 1.20%.
Moderate contraction for Home Depotwhich suffers a drop of 0.95%.
Between best performers of the Nasdaq 100, Illuminate (+2.70%), Tesla Motors (+2.45%), Warner Bros Discovery (+2.39%) e IDEXX Laboratories (+2.33%).
The worst performances, however, are recorded on Trade Deskwhich obtains -1.91%.
Under pressure CSXwhich suffered a decline of 1.84%.
It slides Adobe Systemswith a clear disadvantage of 1.53%.
In red DoorDashwhich highlights a sharp decline of 1.52%.
Between macroeconomic quantities most important of the US markets:
Tuesday 05/14/2024
2.30pm USA: Production prices, monthly (expected 0.3%; previously -0.1%)
2.30pm USA: Production prices, annual (expected 2.2%; previously 1.8%)
Wednesday 05/15/2024
2.30pm USA: Consumer prices, annual (expected 3.4%; previously 3.5%)
2.30pm USA: Consumer prices, monthly (expected 0.4%; previously 0.4%)
2.30pm USA: Retail sales, monthly (expected 0.4%; previously 0.7%).