wall street opened this Friday in the red and its main indicator, the Dow Jones Industrials, lost 0.45%, when investors evaluate what the next step of the US Federal Reserve (Fed) will be to control inflation.
Ten minutes after trading opened, the Dow Jones lost 151.81 points to 33,847.23, while the selective S&P 500 lost 0.70% or 30.02 units to 4,253.72.
The Nasdaq market composite index, which brings together the main technology companies, decreased by 1.12% or 145.23 integers, to 12,820.11.
Investors’ concerns about what the bank will do at its September meeting broke with the rises seen in the indicators for weeks.
Many investors were confident that inflation had possibly peaked and that the Fed would ease its interest rate hikes.
However, this week shareholders saw a mixed message in the Fed’s minutes, insisting that rate hikes will continue until inflation is under control, but also acknowledging that “it would probably be appropriate at some point”. ” reduce the pace of those increases while “the effects” of those that have already been made are “assessed”.
Yesterday, the president of the Federal Reserve Bank of Saint Louis, James Bullard, said he would lean towards a 0.75 percentage point increase in September.
By sectors, only health (0.19%) and public services (0.13%) woke up in green and the greatest losses were for the financial (-1.12%), communications (-1.19%) and non-essential goods (-1 %).
Among the 30 Dow Jones listed companies, the advances of Merck & Co (1.11%) and Johnson & Johnson (0.69%) stood out, while the biggest losses were for Boeing (-1.81%), Salesforce (-1.78%) and Golman Sachs (-1.37%).
Also striking in corporate news is the fall in Bed Bath & Beyond shares, which after the opening of the stock market plummeted more than 40%, after millionaire investor Ryan Cohen sold his entire stake in the company.
In other markets, Texas oil rose to $90.63 a barrel, the 10-year US Treasury bond yield rose to 2,985%, gold fell to $1,770.40 an ounce, and the dollar gained ground against the euro. with a change of 1.005.
