(Finance) – The Wall Street stock exchange is confirmed weak at the halfway point with investors’ eyes focused on the Federal Reserve meeting to be held on 1 and 2 November and in which the next interest rate hike will be defined. Market expectations are for the fourth consecutive increase 75 basis points.
The Dow Jones loses 0.27% to 32.775 points while the S & P-500 marks a -0.59% at 3.878 points- Down also the Nasdaq 100 which drops 1.04% and reaches 11.426 points.
Meanwhile the quarterly season continues: Berkshire Hathaway, Mondelez, Avis and Under Armor are among the next companies to release accounts after market close. Big names like Eli Lilly, Pfizer, Uber, ConocoPhillips, Advanced Micro Devices and Qualcomm are also expected during the week.
On the macroeconomic frontthere is the expectation Wednesday of the data onAutomated Data Processing (ADP) which will disseminate the number of employees in the private sector in the US, even if the real market mover will be on Friday with the American Department of Labor (BLS) that will release its data on employees.
At the top of the ranking of the American giants making up the Dow Jones, there are: UnitedHealth Group (+ 0.84%), Chevron Corp (+ 0.83%), Goldman Sachs (+ 1.06%) and Travelers (+1, 60%). The strongest sales are instead on: Apple (-1.26%), Amgen (-1.68%), Coca-Cola (-1.22%) and Intel (-2.18%).
Among the best performers of the Nasdaq 100, there are: Align Technology (+ 3.87%), Verisk Analytics (+ 1.69%) and Lucid Group (+ 2.53%). The most consistent declines were recorded on: Airbnb (-6.21%), Meta Platforms (-6.08%), NXP Semiconductors (-2.79%) and ASML Holding (-3.09%).