Wall Street takes a beating in the absence of positive news (Getty)
It didn’t benefit US stocks Since his national team’s victory over Iran and their promotion to the next round in the FIFA World Cup, the Nasdaq and S&P 500 Indices have fallen, while the Dow Jones Industrial Average closed Tuesday’s trading at nearly the same point it was started.
And after the stock exchanges started their trading with a hint of optimism, with the increase of most of the Asian stock exchanges, and the negative results Coupled with China’s “zero Covid” policy, the declines started before the middle of the day, which ended with most stocks in red zonefor the third consecutive day.
The Nasdaq index lost 0.59% in today’s trading. of its value, while the S&P index declined 500 by 0.16%.
Investors now eagerly await Federal Reserve Chairman Jerome Powell’s speech at the Brookings Institution on Wednesday, as well as jobs data due Wednesday and Friday, in an effort to glean guidance. Central bank The largest in the world, in terms of monetary policy, in the coming weeks.
Oil prices rose Tuesday on expectations that China will ease tight Covid-19-related restrictions, but fears that the OPEC+ group will keep its production unchanged at its next meeting capped gains.
Brent crude oil futures settled at $83.03 a barrel, down 0.2%, while US West Texas crude oil futures rose 1.2% to $78.20 a barrel at the time of the regulation.
Chinese health officials have said they plan to accelerate COVID-19 vaccines for the elderly, aiming to overcome a major hurdle in efforts to ease “zero Covid” restrictions that have frustrated millions, both at home and abroad. of the second world economy.
Rare such protests across China over the weekend took aim at President Xi Jinping’s “zero Covid” policy, which China analysts told Reuters presented to him as the strongest public challenge in his political history .
Related to the matter, the dollar index fell to 106.65, abandoning its highest level in 20 years, with investors eagerly waiting for the Federal Reserve (the central bank of the United States) to hit the pivot point , in which it changes its policies aimed at restricting the economic, in a short period.
