Wall Street weak on Federal Reserve day

Wall Street weak on Federal Reserve day

(Finance) – The New York Stock Exchange remains at parity, with investors focused on the Fed with the hope that it hints at a cut in short-term interest rates, while they await confirmation of the cost of money at the current level this evening. i.e. 5.25%-5.50%. The focus is therefore on the next moves, i.e. on the first cut which will mark the reversal of monetary policy.

Among US indices, the Dow Jones stands at 38,453 points, while, on the contrary, theS&P-500, which retreats to 4,886 points, retracing by 0.80%. Negative changes for Nasdaq 100 (-1.17%); with a similar direction, theS&P 100 (-1.03%).

Positive result in the S&P 500 basket for sectors healthcare (+0.45%) e utilities (+0.45%). In the list, the worst performances are those of the sectors telecommunications (-3.09%), informatics (-1.38%) e power (-1.17%).

At the top of the rankings American giants components of the Dow Jones, Boeing (+5.97%), United Health (+2.01%), Walgreens Boots Alliance (+1.60%) e Goldman Sachs (+1.30%).

The worst performances, however, are recorded on Cisco Systemswhich gets -2.93%.

Sales up Nikewhich recorded a decline of 1.88%.

Moderate contraction for IBMwhich suffers a decline of 1.46%.

Undertone Microsoft which shows a reduction of 1.42%.

To the top between Wall Street tech giantsthey position themselves Automatic Data Processing (+3.86%), PDD Holdings (+2.02%), Warner Bros Discovery (+1.88%) e Qualcomm (+1.72%).

The steepest declines, however, occur at Alphabetwhich continues the session with -6.62%.

Breathless Alphabetwhich fell by 6.54%.

Thud of Lululemon Athleticawhich shows a fall of 4.41%.

Negative session for Roper Technologieswhich shows a loss of 3.49%.

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