(Telestock) – Cautious session for Wall Streetafter the S&P-500 posted its longest gains streak since November yesterday, approaching record highs. Investors are awaiting the important information coming in the next few dayssuch as the Fed minutes (Wednesday) and Fed Chairman Jerome Powell’s speech, and Jackson Hole (Friday) for clues to the path of monetary easing that is expected to begin in September.
Operators currently see a chance 74% that the Fed will cut interest rates 25 basis points in Septembercompared with a nearly even split between a 50 and 25 bps cut seen a week ago, according to the CME FedWatch Tool.
Meanwhile, the Swedish central bank (Riksbank) cut interest rates by a quarter point to 3.5%, hitting expectations, and signaled two or three more cuts by the end of the year. Also this morning, the Chinese central bank decided not to intervene on the LPR (Loan Prime Rate).
Today the macroeconomic agenda is devoid of indications. Yesterday the American super index in July showed a sharper-than-expected decline (-0.6% versus -0.3%), suggesting a temporary economic slowdown in the United States.
Among the individual titles, eyes focused on Teslaafter the European Union said it plans to introduce an additional 9% tariff on Teslas imported from China.
Among the quarterly leave before the bell, Lowe’s lowered its full-year guidance after a lower second quarter and Medtronic raised its guidance after a growing first quarter.
Among others Company Announcements, Boeing suspended flight testing of the 777-9, Johnson & Johnson announced that it will acquire V-Wave in a deal valued at up to $1.1 billion.
Looking at the main indexes of the American Stock Exchange, the Dow Jones is substantially stable and is positioned at 40,845 points; on the same line, the remains flatS&P-500with the prices positioned at 5,597 points. Below parity the Nasdaq 100which shows a decrease of 0.23%; consolidates the levels of the previous dayS&P 100 (-0.11%).
Positive result in the S&P 500 basket for the sector health. In the price list, the sectors energy (-2.28%) and industrial goods (-0.42%) are among the best sellers.
At the top of the rankings of American giants components of the Dow Jones, Wal-Mart (+0.96%), Home Depot (+0.81%), Procter & Gamble (+0.78%) and 3M (+0.61%).
The strongest drops, however, occur on Boeingwhich continues the session with -4.45%. Under pressure Intelwith a sharp decline of 2.79%. It suffers Downwhich shows a loss of 1.99%. Weak Chevronwhich shows a small decrease of 1.16%.
On the podium of Nasdaq stocks, Palo Alto Networks (+8.63%), SiriusXMRadio (+6.91%), Paypal (+3.32%) and Zscaler (+1.71%).
The worst performances, however, are recorded on DexComwhich gets -5.17%. Negative session for PDD Holdingswhich falls by 3.95%. Prey of sellers DoorDashwith a decrease of 2.80%. Sales are concentrated on Intelwhich suffered a decline of 2.79%.