Wall Street at two speeds

The New York Stock Exchange is down

(Finance) – Mixed signs for the Wall Street stock market, around the halfway point, with the Dow Jones which rises by 0.41% to 42,347 points, while, on the contrary, theS&P-500 remains at 5,741 points. Slightly negative Nasdaq 100 (-0.4%); consolidates the levels of the day beforeS&P 100 (-0.18%).

On the macro front, inflation slowed in August, calculated on Americans’ consumption (PCE inflation) and carefully watched by the Fed, in view of the next monetary policy moves.

In the S&P 500, the sectors performed well energy (+1.48%), utilities (+0.85%) e telecommunications (+0.74%). At the bottom of the ranking, significant declines are evident in the sector informaticswhich reports a decline of -0.87%.

At the top of the rankings American giants components of the Dow Jones, Chevron (+1.99%), Amgen (+1.97%), Visa (+1.64%) e Walt Disney (+1.32%).

The strongest sales, however, occur at Amazonwhich continues trading at -1.79%.

It moves below parity 3Mhighlighting a decrease of 0.97%.

Moderate contraction for Microsoftwhich suffers a drop of 0.62%.

Undertone IBM which shows a filing of 0.60%.

Between the best performers of the Nasdaq 100, Walgreens Boots Alliance (+7.10%), Lululemon Athletica (+4.58%), PDD Holdings (+4.14%) e Charter Communications (+3.51%).

The strongest sales, however, occur at Marvell Technologywhich continues trading at -3.96%.

Under pressure Nvidiawhich suffered a decline of 2.66%.

It slides LamResearchwith a clear disadvantage of 2.42%.

In red KLA-Tencorwhich highlights a sharp decline of 2.39%.

Among them macroeconomic events which will have the greatest influence on the performance of the US markets:

Friday 09/27/2024
2.30pm USA: Personal income, monthly (expected 0.4%; previously 0.3%)
2.30pm USA: Personal expenses, monthly (expected 0.3%; previously 0.5%)
2.30pm USA: Wholesale inventories, monthly (expected 0.2%; previously 0.3%)
4pm USA: Michigan University Consumer Confidence (expected 69 points; previously 67.9 points)

Monday 09/30/2024
3.45pm USA: Chicago PMI (previously 46.1 points).

tlb-finance