The case has been updated
The broad S&P 500 fell 0.31 percent to 5,616.94, while the Nasdaq technology index fell 0.85 percent to 17,735.76. The industry-heavy Dow Jones rose 0.16 percent to 41,240.52.
The ten-year US government bond yield ended at 3.82 percent, while the VIX index, also known as the fear index, rose 1.01 percent to 16.05.
Waiting for interest rate cuts
“After Powell’s speech on Friday, it seems the markets are more concerned about how big the interest rate cut will be in September, and how many cuts will come throughout the autumn, rather than whether there will be any cuts at all.” at all Powell was clear in his speech at Jackson Hole on Friday that the time has come to change monetary policy,” DNB Markets wrote in an update.
Figures from the US statistical authorities show that orders for durable goods in the US increased by 9.9 percent per month in July. According to Trading Economics, an increase of 5.0 percent was expected.
Movements
PDD Holdings, the parent company of Chinese online retailer Temu, fell 28.5 percent after the company posted disappointing second-quarter results. At the same time, management stressed that revenue growth is under pressure due to increased competition.
After the closing time of the stock exchange on Wednesday, Nvidia will reveal its quarterly figures, which will attract a lot of attention. On Monday, the share fell 2.25 percent.
Brazilian oil company Petrobas rose 7.21 percent after an upgrade from Morgan Stanley. The brokerage said that the company’s dividend potential reinforces the investment case.
Oil and gas
The September contract on WTI oil rose 3.03 percent to 77.1 dollars per barrel, while the Brent contract for October rose 2.62 percent to 81.11 dollars per barrel. barrel
US natural gas fell 2.57 percent to $2.124 a barrel. MMBtu. European natural gas (TTF) rose 0.25 percent to 37.75 euros/MWh.
2024-08-26 20:02:34
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