Home » Business » Wall Street opens in red awaiting Fed decision – 2024-05-04 16:13:15

Wall Street opens in red awaiting Fed decision – 2024-05-04 16:13:15

Photograph provided today by the United States Federal Reserve showing its headquarters, the Marriner S. Eccles building in Washington (USA). After a year of falling month after month, US inflation has accumulated two months of increases, a situation that goes against the objectives set by the Federal Reserve (Fed) of controlling prices by raising interest rates. EFE/US Federal Reserve /Britt Leckman /

Wall Street opened this Tuesday in red and the Dow Jones Industrialsits main indicator, fell 0.45% to 38,327 points, just one day before the uncertain decision on interest rates of the Federal Reserve of EU

Twenty minutes after the trading floor opened, the selective S&P 500 fell 0.21% to 5,136 points, and the technological Nasdaq fell 0.30% to 17,850 points.

And the market continues to wait for the next decision on interest rates from the Federal Reservewhich will be announced on Wednesday, although the prospect of declines is receding.

This morning the fall of Caterpillar (-1.76%), Walmart (-1.47%) and Verizon (-1.21%) stood out, in addition to the fast food chain McDonald’s which, despite today announcing 7% year-on-year growth during the first quarter, saw its shares fall 0.28%.

For its part, the technological 3M Company led the group of listed companies that grew this Tuesday with an increase of 4.95%, followed by the rise of Apple of 0.58% and that of JP Morganwith 0.57%.

Today he also published results Coca Colawhose net profits rose 2% year-on-year, and Amazon must issue its own at the close of business.

By sector, the falls were predominant led by non-essential goods (-0.82%) and materials (-0.80%), while the only one that opened in green was health (0.42% ). EFE (I)

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