Wall Street Little Moved, Powell Doesn’t Commit to Rates

The New York Stock Exchange falls JP Morgan collapses after

(Telestock) – Wall Street trading calmlywhere S&P-500 and Nasdaq continue to be at all-time highs. No impact from the Fed Chairman’s hearing, Jerome Powellto Congress. The central banker said that “more positive data” would strengthen confidence that inflation is moving toward target 2%, and recent readings point to “further modest gains” on prices. He also warned that cutting rates too soon or too much could halt or reverse inflation. Today Powell spoke to the Banking Committee of the Senatewhile tomorrow is expected at Room.

Investors are also looking at the start of the quarterlywhich will start on Friday with the results of some of the major banks american (Citigroup, JPMorgan, Wells Fargo And Bank of New York Mellon). Analysts, on average, see S&P 500 companies increasing their aggregate earnings per share by 10.1% in the second quarter, compared with an 8.2% gain in the first quarter, according to LSEG data.

In a day almost completely devoid of macro datain the United States, the NFIB small and medium-sized business confidence index rose to 91.5 in June, above the consensus and marking its third consecutive increase.

Looking at the main indexesWall Street continues the session with a fractional gain on Dow Jones of 0.25%, while, on the contrary, colourlessS&P-500which continues the session at 5,580 points, at the levels of the day before. At the levels of the day before the Nasdaq 100 (-0.1%); with a similar direction, it consolidates the levels of the previous dayS&P 100 (+0.13%).

Appreciable rise in the S&P 500 for the compartments financial (+1.12%), utilities (+1.06%) and secondary consumer goods (+0.58%). In the price list, the sectors materials (-0.47%) and informatics (-0.45%) are among the best sellers.

To the top between Wall Street Giants, Goldman-Sachs (+2.36%), J.P. Morgan (+2.10%), American Express (+1.15%) and United Health (+1.00%).

The worst performances, however, are recorded on Salesforcewhich gets -1.68%. He wavers McDonald’swith a modest decline of 1.32%. A slow day for Downwhich marks a drop of 1.21%. Small loss for Microsoftwhich is trading at -1.18%.

On the podium of Nasdaq stocks, Tesla Motors (+4.24%), SiriusXMRadio (+2.92%), Constellation Energy (+2.70%) and Nvidia (+2.30%).

The strongest sales, however, are seen on Datadogwhich continues trading at -4.39%. Negative session for MongoDBwhich falls by 4.14%. In the red ON Semiconductorwhich shows a sharp decline of 2.68%. The negative performance of stands out Zscalerwhich falls by 2.49%.

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