Wall Street cautiously awaits February inflation data

Wall Street cautiously awaits February inflation data

(Finance) – The US stock market continues with caution, with the Dow Jones which stands at 38,732 points on the day before; on the same line, theS&P-500 (New York), which is positioned at 5,117 points, close to previous levels. Slightly negative Nasdaq 100 (-0.25%); on the levels of the day beforeS&P 100 (-0.11%).
Investors await key US inflation data for further guidance on the Federal Reserve’s monetary policy path, following last week’s mixed labor market data and Fed Chair Jerome Powell’s speech without substantial news before the congress.

Tomorrow, at 1.30pm Italian time (due to the time change that precedes the opening of the American Stock Exchange at 2.30pm) the February data on consumer prices (CPI) will be published.

The sectors are in good evidence in the S&P 500 materials (+0.94%) e office consumables (+0.47%). The sector industrial goodswith its -0.80%, is the worst of the market.

Between protagonists of the Dow Jones, United Health (+2.67%), Nike (+2.44%), Walt Disney (+2.32%) e Verizon Communications (+1.66%).

The strongest sales, however, occur at Boeingwhich continues trading at -3.01%.

It slides IBMwith a clear disadvantage of 1.94%.

In red Amazonwhich highlights a sharp decline of 1.76%.

The negative performance of Caterpillarwhich falls by 1.55%.

Between best performers of the Nasdaq 100, Modern (+9.16%), Warner Bros Discovery (+5.90%), Charter Communications (+4.76%) e Xcel Energy (+3.55%).

The steepest declines, however, occur at Marvell Technologywhich continues the session with -5.12%.

Breathless Advanced Micro Deviceswhich fell by 4.21%.

Thud of Micron Technologywhich shows a fall of 3.95%.

Letter about Meta Platformswhich recorded a significant drop of 3.83%.

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