Wall Street weak. Lower-than-expected retail sales favor doves?

Wall Street weak Job Report strengthens expectations on the Fed

(Finance) – Wall Street is substantially stable, continuing the session at the levels of the day before, with the Dow Jones which stops at 38,823 points, while, on the contrary, theS&P-500 proceeds in small steps, advancing to 5,488 points. Consolidates the levels of the day before Nasdaq 100 (+0.14%); as well as, on equality theS&P 100 (+0.17%).

On the macro front, the data on retail sales in May fell short of expectations, reporting modest results, although not necessarily weak. “This report may be just what investors and the Fed wanted to see: another sign that demand is cooling, without reaching freezing temperatures,” commented Bret Kenwell, US market analyst at eToro, adding that “it is difficult to argue that This report shows increased inflationary pressure on prices, echoing recent economic and inflation data over the past month. From here, investor attention will likely shift to the end-of-month PCE report,” the expert concluded.

Signs of recovery, however, came from industrial and manufacturing production, growing and above expectations, in the month of April.

The sectors are in good evidence in the S&P 500 informatics (+0.78%), financial (+0.56%) e industrial goods (+0.43%). The sector telecommunicationswith its -0.91%, is the worst of the market.

To the top between giants of Wall Street, Goldman Sachs (+1.56%), Verizon Communications (+1.51%), Home Depot (+1.04%) e Caterpillar (+0.82%).

The worst performances, however, are recorded on Boeingwhich obtains -2.14%.

The negative performance of McDonald’swhich falls by 1.59%.

He hesitates Applewhich lost 1.25%.

Basically weak Intelwhich recorded a decline of 0.89%.

Between best performers of the Nasdaq 100, Walgreens Boots Alliance (+4.76%), Constellation Energy (+3.82%), Micron Technology (+3.80%) e Sirius XM Radio (+3.78%).

The worst performances, however, are recorded on Zscalerwhich gets -2.74%.

Advanced Micro Devices drops by 2.55%.

Decline decided for Modernwhich marks -2.51%.

Under pressure Charter Communicationswith a sharp decline of 2.31%.

Between macroeconomic quantities most important of the US markets:

Tuesday 06/18/2024
2.30pm USA: Retail Sales, monthly (expected 0.3%; previously -0.2%)
2.30pm USA: Retail Sales, Annual (previously 2.7%)
3.15pm USA: Industrial production, monthly (expected 0.3%; previously 0%)
3.15pm USA: Industrial production, annual (previously -0.4%)
4:00 pm USA: Industrial inventories, monthly (expected 0.3%; previously -0.1%).

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