Wall Street opened this Wednesday in red and the Dow Jones Industrialsits main indicator, fell 0.55%, with the market attentive to the inflation report to be published this week.
Ten minutes after the trading floor opened, the Dow Jones stood at 38,757 points, and the selective S&P 500 fell 0.28% to 5,064 points.
The composite index of the Nasdaq market, where the main technology companies are listed, fell 0.40%, to 15,971 units.
Investors are watching the personal consumption expenditure (PCE) price index, a key data point for the Reserva Federal (Fed) that will be announced on Thursday and will give clues about the health of the economy and the direction of monetary policy.
“A positive surprise in the PCE would reassure markets about upcoming federal funds rate cuts, as looser monetary policy could also reduce financial risk”the head of investment strategy at the firm Global X ETFs wrote in a note collected by CNBC, Morgane Delledonne.
In the first operations of the trading floor, the e-commerce company eBay rose more than 7% after the company on Tuesday released quarterly results that beat analysts’ expectations and announced a $2 billion share buyback program.
For its part, the fashion company Urban Outfitters fell 10% after its results for the last quarter of 2023 fell short of what analysts expected.
By sector, losses predominated, led by the health sector (-0.6%) and the technology sector (-0.55%), while the greatest gains were for the energy sector (0.35%) and non-goods sectors. essential (0.24%).
Among the 30 Dow Jones stocks, the biggest advances were for Chevron (0.69%) and Caterpillar (0.43%), and the most affected were UnitedHealth (-4.02%) and Intel (-1.29% ). EFE (I)
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