Urgent: Wall Street turns red.. Oil loses more than 3% and gold jumps strongly by Investing.com

Investing.com – Wall Street’s main indices fell during these moments of trading, Thursday, affected by a decline in shares of Walmart and Cisco after disappointing expectations, while optimism about interest rates peaking declined.

This comes as gold prices rose by more than 1%, with the dollar falling, after the release of aid requests that showed an increase in aid requests, which motivates the Federal Reserve to end its tight monetary policy.

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Cisco Systems (NASDAQ:) shares fell 11.5%, as .

Walmart Stores (NYSE:) stock fell 7.1%, even as it raised its annual sales and profit forecasts.

The company’s warning also affected shares of other retailers. Target Corp (NYSE:) stock fell 1 percent, with broader consumer goods declines 1.2 percent and was among the biggest losers among sectors.

While Lucid Motors (NASDAQ:) stock fell by 1%, and Tesla (NASDAQ:) stock fell by 3%.

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Major indexes rose on Wall Street this week as evidence of slowing inflation in the world’s largest economy raised hopes that the US Federal Reserve is done raising interest rates.

In a data-heavy week, which saw the Nasdaq hit its highest level in more than three months, markets were also relieved by the US Senate’s passage of a temporary spending bill to avert a government shutdown.

Yields fell after a Labor Department report showed weekly unemployment claims rose more than expected, boosting bets that the Federal Reserve will not need to raise interest rates further.

While financial markets have fully priced in the likelihood that the Fed will keep interest rates steady at its December meeting, they see roughly 62% odds of a rate cut of at least 25 basis points in May, according to Investing Saudi Arabia’s Fed Rate Tracker. .

Market participants will take monetary policy cues from a slew of Fed officials, including voting member and Fed Deputy Chairman for Supervision Michael Barr, who is scheduled to speak during the day.

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Wall Street indices at 18:45 time

It decreased by 0.3%, to 34,887 points

The Standard & Poor’s 500 index rose 0.17%, to 4,494 points.

It rose by 0.3%, to 14,064 points.

Markets at 18:45 Saudi time

It rises by 1.13% to $1,986 per ounce.

While it rose by 1.24% to the level of $1,983 per ounce.

On the other hand, it declines by 0.18% to 104.08 points.

Meanwhile, Brent crude is now falling strongly by 3.4% to $78.4 per barrel.

While Texas crude fell by 3.7% to $73.7 per barrel.