Wall Street on parity. Federal Reserve plans further rate hikes

Wall Street on parity Federal Reserve plans further rate hikes

(Tiper Stock Exchange) – The US stock market does not show large changes following the publication of the minutes of the Federal Open Market Committee meeting held on January 31 and February 1. Federal Reserve officials continued to predict that further increases in interest rates will be needed to reduce inflation to the 2% target, even though “almost all” supported a slowdown in the pace of increases at the last meeting.

Wall Street reports a variation of +0.15% on the Dow Joneswhile, conversely, a small leap forward for theS&P-500, which comes in at 4,009 points. In fractional progress the NASDAQ 100 (+0.5%); on the same line, just above parity theS&P 100 (+0.31%).

To the top between Wall Street giants, Salesforce, (+1.53%), American Express (+1.41%), Home Depot (+1.00%) and Apple (+0.87%).

The worst performances, however, are recorded on Wal-Martwhich gets -2.44%.

He hesitates intelwhich drops 0.96%.

Between protagonists of the Nasdaq 100, Palo Alto Networks, (+12.91%), Crowdstrike Holdings, (+4.86%), Warner Bros. Discovery, (+4.07%) and zscaler, (+3.76%).

The strongest declines, however, occur on Constellation Energywhich continues the session with -2.30%.

Under pressure O’Reilly Automotivewith a sharp drop of 1.80%.

He suffers Dexcomwhich shows a loss of 1.75%.

Prey of sellers Costar Groupwith a decrease of 1.60%.

Among the data relevant macroeconomics on US markets:

Thursday 02/23/2023
2.30pm USA: GDP, quarterly (exp. 2.9%; previous 3.2%)
2.30pm USA: Jobless Claims, Weekly (Expected 200K; Previously 194K)
5pm USA: Oil inventories, weekly (exp. 1.17 Mln barrels; prev. 16.28 Mln barrels)

Friday 02/24/2023
2.30pm USA: Personal Income, Monthly (Expected 0.9%; Previous 0.2%)
2.30pm USA: Personal expenses, monthly (exp. 1.3%; previous -0.2%).

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