(Finance) – Wall Street is moving in a mixed manner, with the Dow Jones which is leaving 0.25% on the floor, while, on the contrary, a day without infamy and without praise for theS&P-500which remains at 5,599 points. Above parity the Nasdaq 100 (+0.47%); also positiveS&P 100 (+0.19%).
On the macroeconomic front, the key inflation data confirmed bets on an interest rate cut by the Fed at its September meeting. The personal consumption expenditures (PCE) index, the central bank’s preferred measure of inflation, rose to +2.5% in July on an annual basis, stable compared to the previous month and below analysts’ forecasts (+2.6%). The core PCE, which excludes the volatile components of food and energy, rose by 2.6% as in June, compared to expectations of 2.7%.
The sector stands out in the S&P 500 secondary consumer goods. The sector energywith its -0.60%, is the worst performer on the market.
Among the protagonists of the Dow Jones, Intel (+7.80%) and Amazon (+1.88%).
The strongest drops, however, occur on Salesforcewhich continues the session with -1.53%.
Moderate contraction for Nikewhich suffers a decline of 1.15%.
Undertone American Express which shows a reduction of 0.82%.
Disappointing Chevronwhich sits just below the levels of the day before.
To the top among the Wall Street tech giantsthey position themselves MongoDB (+16.85%), Marvell Technology (+9.25%), Intel (+7.80%) and Broadcom (+2.36%).
The strongest drops, however, occur on Diamondback Energywhich continues the session with -1.93%.
Sharp drop for IDEXX Laboratorieswhich marks a -1.85%.
Under pressure Illuminawith a sharp decline of 1.80%.
He suffers Modernwhich shows a loss of 1.65%.
Among the macroeconomic appointments which will have the greatest influence on the performance of the US markets:
Friday 08/30/2024
2.30pm USA: Personal expenses, monthly (expected 0.5%; previous 0.3%)
2.30pm USA: Personal income, monthly (expected 0.2%; prev. 0.2%)
3.45pm USA: PMI Chicago (expected 45 points; previous 45.3 points)
4:00 PM USA: University of Michigan Consumer Confidence (expected 67.8; prev. 66.4)
Tuesday 03/09/2024
3.45pm USA: Manufacturing PMI (expected 48 points; previous 49.6 points).