Wall Street closed this Wednesday in mixed territory and the Dow Jones Industrials, its main indicator, fell 0.26% as investors analyzed what could be the next step of the US Federal Reserve (Fed) in its fight against inflation.
At the close of operations on the New York Stock Exchange, the Dow Jones fell 84.50 points, to 33,045.09, while the selective S&P 500 fell 0.16% or 6.29 units, to 3,991.05.
The Nasdaq composite market index, which brings together large technology companies, gained 0.13% or 14.77 integers, to 11,507.07.
The minutes of the last Fed meeting showed that inflation remained “well above” the central bank’s 2% target, and indicated that the labor market is still “very tight, which contributes to continued upward pressures on wages and prices.
Concerns that the Fed will maintain an aggressive policy of raising interest rates have once again raised fears of a possible recession.
The only two sectors that ended the day in the green were raw materials and non-essential goods, with a rise of 0.67% and 0.52%, respectively. While the biggest drops were for real estate and energy, with a drop of 1.02% and 0.77%, respectively.
In other markets, Texas oil closed at $73.95 and at the end of the trading session gold fell to $1,833 an ounce, the yield on the ten-year US bond fell to 3.91% and the dollar lost ground against to the euro, with a change of 1.0601.
With information from EFE / Photo: EFE / JAC
