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November 18, 2024
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Wall Street operates mixed after a week of sharp falls

Wall Street operates mixed after a week of sharp falls

The main indices of Wall Street They have mixed performances this Monday morning. The US stock market averages move unevenly, far from the highs they recorded after the electoral victory of donald trumpafter a week of falls.

The Industrial Average Dow Jonesmade up of the shares of 30 giants, lost 0.29% to 43,321.32 points, while the S&P 500of 500 stocks, gains 0.17% to 5,880.61 points, and the Nasdaq Composite technology gains 0.48% to 18,769.97 points.

Last week the indices fell 1.2%, 2.1% and 3.2%, respectively, after the president of the Federal Reserve (Fed), Jerome Powell, predicted that the next rate cuts will be carried out patiently, given the strength of the economy.

Following Jerome Powell’s comments, there was an increase in the yield on the 10-year Treasury bond. Bonds fall this morning as the market remains focused on the Fed, betting that Trump’s policies could drive inflation further.

The next big catalyst for the market this week will be Nvidia’s quarterly report (-1.36%), on Wednesday after the market closes. The artificial intelligence giant has become the driving force of Wall Street and the most valuable company.



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