(Finance) – Wall Street peaks, on the day of the long-awaited speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium. The banker said we need to continue with rate hikes and that getting inflation under control will take “some time”.
Among the US indices, the Dow Jones accuses a decrease of 1.83%; along the same line, theS & P-500, which continues the session at 4,111 points. Depressed the Nasdaq 100 (-2.59%); along the same lines, theS&P 100 (-2.13%).
Strong nervousness and generalized losses in the S&P 500 across all sectors, without exclusion. In the lower part of the S&P 500 ranking, significant falls are manifested in the sectors telecommunications (-2.84%), informatics (-2.67%) e secondary consumer goods (-2.65%).
In this bad day for the New York Stock Exchange, no Blue Chip scores a positive performance.
The strongest declines occur on Salesforcewhich continues the session with -3.83%.
Negative sitting for Nikewhich falls by 3.76%.
Sensitive losses for 3Mdown 3.74%.
Breathless Home Depotwhich falls by 2.95%.
Between protagonists of the Nasdaq 100, Electronic Arts (+ 4.66%) e Workday (+ 3.25%).
The strongest falls, on the other hand, occur on Marvell Technologywhich continues the session with -7.00%.
Thud of Nvidiawhich shows a fall of 6.95%.
Letter on Align Technologywhich recorded a significant drop of 5.93%.
Goes down Docusignwith a drop of 5.47%.
Among macroeconomic appointments which will have the greatest influence on the performance of the US markets:
Friday 08/26/2022
14:30 USA: Wholesale stocks, monthly (expected 1.4%; previous 1.8%)
14:30 USA: Personal expenses, monthly (expected 0.4%; previous 1%)
14:30 USA: Personal income, monthly (expected 0.6%; previous 0.7%)
4:00 pm USA: University of Michigan Consumer Confidence (expected 55.2 points; preceded 51.5 points)
Tuesday 30/08/2022
15:00 USA: FHFA house price index, monthly (previous 1.4%).