This week, investors will look for clues about the future direction of interest rates from Federal Reserve Chair Jerome Powell. The central bank leader is expected to provide monetary policy updates to the House of Representatives this Monday and the Senate tomorrow.
He Dow Jones Industrial Average retreats this Monday while operators take a break from a rally which took the main American stock indices to all-time highs. The 30-stock average fell 103 points, or 0.3%. The S&P 500 gives up 0.1%, while the Nasdaq Composite loses 0.2%.
In that context, Apple falls more than 2% after receiving a fine of almost $2 billion on the part of the European Union for antitrust practices. The EU’s executive arm says the tech giant is abusing its power as market dominator in the streaming music distribution space.
The actions of Lyft rise more than 5% after receiving an “outperform” upgrade from RBC. Super Micro Computer and Deckers Outdoor advance more than 18% and 2%, respectively, following S&P Dow Jones Indices’ announcement that they will join the S&P 500 later this month.
Wall Street: the data analyzed by the market
Stocks have been rising rapidly, fueled by enthusiasm around artificial intelligence, in recent weeks. The technology-focused Nasdaq Composite hits an all-time high today, breaking a 2021 record to become the last of the major stock indexes to reach a record close this year.
This week, investors They will look for clues about the future direction of interest rates from Federal Reserve Chairman Jerome Powell. The central bank leader is expected to provide monetary policy updates to the House of Representatives today and the Senate tomorrow.
The ADP Employment Survey and job openings data for January will be released throughout the day, providing more information on the labor market. Manufacturing and nonfarm employment data for February are scheduled for Friday.
Source: Ambito
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