Wall Street’s November advance ground to a halt on Monday, as markets paused after Thanksgiving and remained on alert for key signals from the Federal Reserve on interest rates.
The main indices of Wall Street They operate with slight increases this Tuesday, after a strong streak of increases in November, as investors were cautious awaiting comments from the authorities of the Federal Reservewhich could offer clues about the path of the US interest rates.
In that context, the Dow Jones Industrial Average rises 0.3%, or 109.34 points, to 35,442.81 units; the index S&P 500 advances 3.30 points, or 0.1%, to 4,553.73 units; and the Nasdaq Composite It is trading stable at 14,241.32 units.
Wall Street’s advance in November halted on Monday, as markets took a pause after the Thanksgiving Day and waited for new policy signals after data that pointed to a slowing inflation, reinforcing hopes that the Fed have finished uploading interest rates.
Wall Street and a huge month
Although the rise stopped on Monday, Wall Street’s three main indices are on track to close the month higher after three consecutive months of losses. The rebound has also led to S&P 500 to a range very close to its 2023 intraday high.
“The market expects the Fed cut rates. “The Fed has not said anything about lowering them and I think they will reiterate that position throughout their discussions the rest of the week,” he said. Paul Nolteby Murphy & Sylvest.
Several members of the Federal Reserve with the right to vote will intervene during the day, including the governors Christopher Waller and Michelle Bowman. Market players will closely monitor their views as attention focuses on the timing of a possible rate cut.
Ten of the 11 main sectors of the S&P 500 They were in the red. The declines were led by real estate valueswhich are sensitive to rates and lost 0.5%.
Among the individual values, Zscaler was down 3.5% as the cloud security company’s quarterly revenue missed some analysts’ estimates, overshadowing its strong forecast and rising profits.
Source: Ambito
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