Wall Street opened this Tuesday in red and the Dow Jones Industrialsits main indicator, fell 1.08% after learning that inflation in January was higher than expected by analysts and with the market pending the next business results.
Eleven minutes after the trading floor opened, the Dow Jones stood at 38,378 points, and the selective S&P 500 fell 1.29% to 4,956 points.
For its part, the Nasdaq market composite index, in which large technology companies are listed, fell 1.85%, to 15,647 units.
The inflation rate in USA fell again in January, three tenths, to 3.1%, which is in line with the objectives of the Federal Reserve (Fed) and its plans to start lowering rates sometime this year if prices continue to fall.
The United States Bureau of Labor Statistics reported this Tuesday that in monthly terms consumer prices increased three tenths compared to December, while underlying inflation, a key data that the Fed analyzes to make its decisions on interest rates, remained unchanged. in interannual terms at 3.9%.
The inflation data was not well received by the market, as it was higher than analysts expected and sent Treasury bond yields up to 4.261%.
They also raised doubts about the possibility of the central bank making several interest rate cuts this year.
On the other hand, this morning the American beverage company Coca Cola published its 2023 results, when it obtained a profit of $10,714 million in 2023, 12% more than the previous year. At the opening of the stock market, its shares rose 1.19%.
Furthermore, the airline JetBlue Airways rose 10% after activist investor Carl Icahn announced that it had acquired a nearly 10% stake in the company, while the toy maker Hasbro It fell almost 3% at the opening after its quarterly results did not exceed analysts’ expectations. EFE (I)
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