Wall Street little moved, focus on Powell’s words

Positive American market doubts about first Fed cut

(Telestock) – No significant changes for the US price listwith the Dow Jones which stands at the same values ​​as yesterday at 39,159 points; along the same line, theS&P-500with the prices positioned at 5,470 points. On parity the Nasdaq 100 (0%); just below parity theS&P 100 (-0.23%). The week has one less day of trading for the Thursday July 4th Holiday (US Independence Day). The eighth will culminate on Friday, when the employment report will be released.

Today, however, the focus is on JOLTSa survey conducted by the U.S. Bureau of Labor Statistics to help measure job vacancies. It collects data from employers about their firms’ employment, job openings, hiring, and severance.

Investors are watching the Fed Chairman’s words closely, Jerome Powellduring the European Central Bank Forum (ECB) to Sintrain Portugal. Powell discusses monetary policy with Christine Lagarde of the ECB and Roberto Campos Neto of the Central Bank of Brazil.

Meanwhile, the president of the Federal Reserve Bank of Chicago, Austin Goolsbeesaid in an interview with Bloomberg TV that he believes “we’re on the road to 2% inflation” and that “if you keep rates where they are while inflation is going down, it’s tightening, so you should do it by decision, not by default“.

On the front of the Company Announcements, Tesla announced that it produced 410,831 cars and delivered 443,956 (-4.8% compared to the same quarter of the previous year and +14.8% compared to the previous quarter) in the second quarter of 2024; American Airlines said it has entered into a tentative agreement to purchase 100 hydrogen-powered electric motors from engine maker ZeroAvia.

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