Wall Street awaits macro data, Tesla down after price cuts

Wall Street awaits macro data Tesla down after price cuts

(Tiper Stock Exchange) – Wall Street is recovering, rising compared to the openingwith the Dow Jones which stops at 35,250 points, while, on the contrary, a slight increase for theS&P-500, which rises to 4,476 points. In fractional progress the NASDAQ 100 (+0.65%); as well, just above parity theS&P 100 (+0.41%).

Informatics (+1.20%) and telecommunications (+0.53%) in good light on the S&P 500 list. In the list, i sectors utilities (-0.77%) and power (-0.58%) are among the best sellers.

In any case, the climate is wait-and-see, as today there are no relevant macroeconomic data, while during the week attention is mainly focused on July Fed meeting minutes. Investors are also waiting for the quarterly reports of some giants in the retail sector as Home Depot (Tuesday), Targets (Wednesday), Walmart (Thursday), to look for clues about the health of US consumers amid persistent inflationary pressures and high interest rates. In addition, tomorrow the data on the retail sales.

Among the actions affected by corporate announcementsthere are that of Tesla (said to have cut prices in China for some versions of the Model Y), Nicholas (said it is recalling all battery electric trucks delivered to date and is suspending sales after an investigation into the recent fires), U.S. Steel (refused a buyout offer from Cleveland-Cliffs and said it would review its options).

At the top of the rankings American giants components of the Dow Jones, Merck (+1.10%), Visa (+1.10%), Salesforce (+0.86%) and intel (+0.75%).

The worst performances, however, are recorded on Goldman Sachs, which gets -1.17%. He hesitates 3M, with a modest drop of 1.12%. Slow day for Caterpillar, which marks a decline of 0.94%. Small loss for Walgreens Boots Alliancewhich trades with -0.85%.

On the podium of the Nasdaq stocks, Micron Technology (+5.19%), Nvidia (+5.08%), Marvell Technology (+3.45%) and DexCom (+3.24%).

The strongest declines, however, occur on Modern, which continues the session with -2.90%. Decided decline for MercadoLibre, which marks a -2.26%. Under pressure Illuminate, with a sharp drop of 2.21%. He suffers Tesla Motorswhich shows a loss of 1.91%.

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