On Tuesday the main tariffs of Wall Street operated without an ordinary direction, with the recent event led by the pause of the technological sector, while investors await the comments of the president of the Federal Reserve, Jerome Powell, on the economy among the contrasting signs of the members of the Central Bank of the United States.
Powell’s comments can be crucial to modeling expectations of interest at a time when the rate cut from the Fed last week increased the actions and investors expect new reductions to support earnings.
Some authorities support gradual cuts in the future to keep inflation under control. The president of the Fed Chicago Austan Goolsbee has declared Tuesday that if inflation cools down, the central bank will have some space to reduce its objective of interest rate.
“The market is evaluating two other cuts this year. This could be potentially at risk if there is a little slope failed this week, especially by Powell,” said Charlie Ripley, investment strategist at Allianz Investment Management.
Dow Jones Industrial Meveraga increased by 0.66%to 46,687.96 points, while S&P 500 gained 0.05%to 6,697.18 points and Nasdaq Composite lost 0.23%to 22,734.72 points.
The financial sector S&P 500 reached a record peak and higher than 0.9%, while electrical companies increased by 2.3%. The earnings helped the reference index to reach a new maximum intraordinary record.
The losses of Nvidia, which decreased by 2.2% after reaching an intraordinary record in the previous session, and Amazon.com, with a 2.3% drop, weighed on Nasdaq.
Source: Terra
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