Weak Wall Street with high interest rate prospects throughout 2023

Weak Wall Street with high interest rate prospects throughout 2023

(Tiper Stock Exchange) – The US stock market continues the session just below parity after the Fed’s decision to raise interest rates by 50 basis points, with the Dow Jones which limits 0.27%; along the same lines, slightly decreasingS&P-500, which continues the day below parity at 4,004 points. Slightly negative the NASDAQ 100 (-0.57%); on the same trend, slightly downS&P 100 (-0.36%).

Although the size of the rate hike was by now a foregone conclusion, the Investors find themselves digesting FED officials’ guidance for 5.1% terminal rate, a little higher than traders expected. In addition, the US central bank expects it to maintain higher rates through 2023, with no cuts through 2024.

Among the best Blue Chips of the Dow Jones, Merck (+1.00%), Home Depot (+0.84%), Procter & Gamble (+0.67%) and Microsoft (+0.63%).

The strongest declines, however, occur on Goldman Sachswhich continues the session with -0.97%.

Moderate contraction for Applewhich suffers a drop of 0.74%.

Undertone Amgen showing a filing of 0.53%.

Disappointing Walt Disneywhich lies just below the levels of the eve.

Between best performers of the Nasdaq 100, Modern (+7.26%), NetEase (+3.30%), document sign, (+3.05%) and Atlassian (+2.60%).

The strongest sales, on the other hand, show up Charter Communications,which continues trading at -14.38%.

Letter about match groups,which records a significant drop of 3.89%.

Sales on Lucid Group,which recorded a decrease of 3.00%.

Bad sitting for Comcastwhich shows a loss of 2.75%.

Among macroeconomic appointments which will have the greatest influence on the performance of the US markets:

Wednesday 12/14/2022
2.30pm USA: Export Prices, Monthly (exp. -0.4%; previous -0.4%)
2.30pm USA: Import prices, monthly (exp. -0.5%; previous -0.4%)
4.30pm USA: Oil inventories, weekly (exp -3.6 Mln barrels; prev -5.19 Mln barrels)

Thursday 12/15/2022
2.30pm USA: PhillyFed (exp. -10 points; previous -19.4 points)
2.30pm USA: Retail sales, annual (previous 8.27%).

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