Wall Street remains at stake after Powell’s words

Wall Street remains at stake after Powells words

(Finance) – The New York Stock Exchange stops around parity, with the Dow Jones which stands at 34,033 points, while, on the contrary, it yields to sales theS&P-500, which recedes to 4,371 points. Negative the NASDAQ 100 (-1.21%); as well, in fractional decline theS&P 100 (-0.63%).

The American market thus confirms the start in the red after the words of Fed chairman Powell who expects further rate hikes to counter inflation. In a hearing in the US Congress, the governor said that “almost all FOMC members predict that it will be appropriate to further raise interest rates by the end of the year. But at last week’s meeting, considering how much and how fast we moved, we deemed it prudent to keep the target range stable to allow the Committee to assess additional information and its implications for monetary policy.”

Positive result in the S&P 500 basket for sectors power (+1.49%), utilities (+0.70%) and office consumables (+0.47%). At the bottom of the ranking, the biggest declines occur in the sub-funds telecommunications (-1.33%), informatics (-1.27%) and secondary consumer goods (-1.08%).

Among the best Blue Chips of the Dow Jones, United Health (+1.87%), Chevrons (+1.29%), Merck (+0.88%) and Caterpillar (+0.82%).

The strongest declines, however, occur on intelwhich continues the session with -5.33%.

They focus their sales on Salesforcewhich suffers a drop of 3.08%.

Sales on Walt Disneywhich records a drop of 1.63%.

Bad sitting for IBMwhich shows a loss of 1.52%.

To the top between Wall Street tech giantsthey position themselves Dollar Tree (+5.33%), Baker Hughes Company (+3.02%), O’Reilly Automotive (+2.76%) and CoStar (+2.52%).

The worst performances, however, are recorded on Rivian Automotivewhich gets -7.33%.

At a loss Advanced Micro Deviceswhich drops by 5.57%.

Heavy CrowdStrike Holdingswhich marks a drop of -5.33 percentage points.

Bad sitting for intelwhich drops by 5.33%.

tlb-finance