However, the market is on track to post its fifth consecutive month of gains, with major US stock indexes crossing new record closing levels last week.
The actions in Wall Street is trading lower this Mondayin a week full of data and shorter due to the Friday Easter holiday, while the rally that took the New York plaza to record levels takes a break.
He Dow Jones Industrial Average falls 127 points, or 0.3%. The S&P 500 decreased 0.2%, as did the Nasdaq Composite.
The actions of Intel leads the market declinewith the semiconductor company giving up 3% after The Financial Times reported that China’s new guidelines would block Intel chips in government servers and computers. United Airlines shares fall 6% after the Federal Aviation Administration says it would step up surveillance of the airline following a series of safety incidents.
The market is on track to record its fifth consecutive month of gains, with the major US stock indexes crossing new record closing levels last week. The S&P 500 gained about 2.3% last week, while the Dow gained just under 2% for its best week since December, approaching the 40,000 level. Meanwhile, the Nasdaq Composite rose about 2.9% during the period.
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Wall Street: what the market sees
These gains are driven by the Federal Reserve’s latest comments that maintain central banks’ interest rate cut schedule for this year, as well as continued investor enthusiasm for tech stocks amid the intelligence-driven rally. artificial. Overall investor sentiment remains above its historical average, according to the American Investors Association’s latest Weekly Individual Investor Sentiment Survey, reflecting persistent optimism in the market.
This week, Investors will gain greater insight into the path of inflation from February’s personal spending price index., the Fed’s preferred inflation gauge, due out Friday morning. The market reaction will be determined next Monday given the Good Friday holiday.
Source: Ambito
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