(Finance) – Wall Street continues trading in red mid-sessionafter turning into negative territory during the afternoon, following some positive macro data, which quashed hopes of a “pause” in the pace of US interest rate adjustments.
The Fed will announce another aggressive rate hike of 75 basis points tomorrowbut the market was betting on a signal of a slowdown in the cycle of adjustment of the cost of money, a change in the so-called pivot, compatible with a higher inflation of 3% in order not to cause the economy to fall into recession.
Meanwhile, macro data seems to rule out the possibility of a US economic recession given the recovery of the manufacturing sector and the health of the labor market. The index Manufacturing PMI increased to 50.4 points from the previous and expected 49.9 andManufacturing ISM to 50.2 points down from the previous 50.9 but higher than the 50 of the consensus. The data on job offers it surprised positively, settling at 10.72 million open positions compared to the expected 10 million and the previous 10.3 million.
In New York, the index Dow Jones yields 0.32%; same setting forS & P-500 which yields 0.29%, while the Nasdaq 100 which loses about 1%.
Between protagonists of the Dow Jones big techs like Apple And Microsoft with losses greater than 1.5%,
Bad too Merck & Co. which yields 1.45%.
Shop on Jp Morgan Chase (+ 1.49%), Nike (+ 1.36%) e Chevron (+ 1.23%).
Between best performers of the Nasdaq 100, IDEXX Laboratories (+ 9.4%), NetEase (+ 7.38%) e NXP (+ 4.52%).
The strongest falls, on the other hand, occur on Intuit which marks a -7.45%.
Negative sitting also for Amazonwhich falls by 6.11%.