The main indices of Wall Street They operate mixed this Monday, August 21, after having closed the week with a drop due to the fact that investors were also focusing on the meeting of the monetary authorities of the central banks in search of clues about the path of interest rates in the United States Joined.
In this context, the technological nasdaq rises 64.03 points, or 0.5%, to 13,354.80 units, because the shares of nvidiawhich far outperformed its mega-cap peers, are up 4.6%.
“If (Nvidia) indicates that there is some acceleration in AI revenue and sales or that they see an increase in the future, that would be very significant to the market,” he said. Rick Mecklera partner at Cherry Lane Investments.
They were also gaining other growth stocks, such as Teslawhich breaks six consecutive sessions of losses and climbs 5.1%.
Wall Street: Dow Jones and S&P 500 fall ahead of central bankers’ meeting in jackson hole
The Industrial Average Dow Jones fell 209 points, or 0.6%, to 34,291.66 units, while the S&P 500 it operates almost stable, falling 0.27 points to 4,369.44 units.
pressing the Dow, Johnson and Johnson loses 2.4% after the healthcare conglomerate said it expected to retain a stake of around 9.5% in its newly spun off consumer healthcare unit, Kenvue.
Strong equity gains this year on signs of cooling down inflation have been put to the test in August, with the S&P 500 losing more than 5% from its intraday high at the end of July.
Investors are now looking forward to comments on Friday from the chairman of the Federal Reserve, Jerome Powellat a meeting of central bankers in jackson holeWyoming, which begins on August 24.
US Treasury Yield
The performance of the Treasury bond US 10-year bond hit its highest in 15 years on Monday, amid concerns that the Federal Reserve keep the interest rates higher for longer, at a time when government deficit spending garners increasing attention.
The return on 10-year notes reached 4.35%, its highest level since November 2007, before the bankruptcy of Lehman Brothers almost a year later it gave way to the Great Financial Crisis. The performance of the 30 year papers touched 4.5%, its highest level since April 2011.
Yields rose last week after the strong retail sales and other economic data highlighted the resilience of the US economy, emphasizing the mantra of fed that rates will stay higher for longer.
He 10 year debt return it rose 9.3 basis points, to 4.3%, while the 30-year-old improved 8.8 basis points, to 4.5%.
The performance of the two year bondswhich typically reflects rate expectations, was up 5 basis points to 5%.
The yield curve, which measures the difference between the return of two-year and 10-year papers, considered a harbinger of recession, was trading at -64.6 basis points.
Source: Ambito
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