(Finance) – Wall Street is experiencing weakness at mid-day, retreating from the records reached last Friday, after Fed Chairman Jerome Powell confirmed that the time is ripe for a rate cut. Dow Jones rises by 0.23% to 41,270 points, while theS&P-500 has a depressed trend and is trading below yesterday’s levels at 5,622 points. Down the Nasdaq 100 (-0.99%); as well as, slightly down, theS&P 100 (-0.31%).
A sector rotation is still penalizing technology stocks, ahead of Nvidia’s accounts due on Wednesday. On the macro front, the appointment is with inflation data.
The sectors in the spotlight on the North American S&P 500 index energy (+1.15%), office supplies (+0.83%) and utilities (+0.66%). In the list, the worst performances are those of the sectors informatics (-1.17%) and secondary consumer goods (-0.61%).
Among the best Blue Chips of the Dow Jones, Coca Cola (+1.53%), Down (+1.48%), Caterpillar (+1.21%) and Walt Disney (+1.19%).
The strongest sales, however, are seen on Intelwhich continues trading at -1.76%.
Substantially weak Microsoftwhich recorded a decrease of 0.67%.
It moves below parity Amazonshowing a decrease of 0.61%.
Moderate contraction for Amgenwhich suffers a decline of 0.55%.
Among the best performers of the Nasdaq 100, Warner Bros.Discovery (+3.56%), Atlassian (+3.41%), Xcel Energy (+2.39%) and Charter Communications (+2.06%).
The worst performances, however, are recorded on PDD Holdingswhich gets -29.18%.
Significant losses for Marvell Technologydown 4.16%.
Under pressure Broadcomwith a sharp decline of 3.67%.
He suffers Tesla Motorswhich shows a loss of 3.13%.