Major stock markets on the other side of the Atlantic closed lower, in a session as investors digested new economic data – declining consumer confidence and continuing pressures on wages. This comes on the eve of the US Federal Reserve's monetary policy decision.
Although the Fed has been expected for some time to leave key interest rates unchanged at a level of between 5.25% and 5.5% (with a 20-year minimum), caution has prevailed and investors have shown themselves to be more risk averse – especially in the last moment. Of negotiation.
The Dow Jones Industrial Average closed down 1.49% to 37,815.92 points, and the Standard & Poor's 500 Index fell by 1.57% to 5,035.69 points.
For its part, the Nasdaq Composite Technology Index lost 2.04% to settle at 15,657.82 points.
Thus, the S&P 500 and Nasdaq recorded their worst month, in percentage terms, since September of last year. The Dow Jones Index recorded its worst monthly performance since September 2022. This is after the three indices achieved a positive balance in the past five months.
Investors are also looking forward to the quarterly results of listed companies. Since last week, technology has been in full swing, and in this “earnings season,” it's Amazon's turn to report its numbers.
Andrea Hargraves is a contributor to Brytfmonline.com, covering a broad range of topics including news, politics, business, technology, sports, entertainment, and lifestyle. She is committed to delivering clear, accurate, and reader-focused reporting that helps audiences stay informed about current events and emerging developments. Andrea’s work emphasizes useful information, balanced coverage, and stories that matter to everyday readers, making complex topics accessible and relevant to a wide audience.