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Wall Street declines with uncertainty over interest rates – Stock Exchange

Wall Street declines with uncertainty over interest rates – Stock Exchange

Wall Street closed in the redAt a time when investors are concerned about the increase in US sovereign debt yields and are considering when and how the US Federal Reserve will ease restrictive monetary policy. Interest rates on US 10-year debt rose to 4.6%, reaching their highest levels in four weeks.

In the Beige Book released by the Federal Reserve on Wednesday, the US central bank identified “An ever-expanding economy“In the past six weeks. However, this growth was accompanied by a rise in inflation, albeit in a “moderate” manner, with “consumers retreating from the unusual rises in prices, which led to a decline in the profit margins” of companies.

The benchmark S&P 500 index fell 0.74%l 5,266.95 points, while the Dow Jones Industrial Average fell 1.06%l 38441.54 points. The Nasdaq Composite Index fell after reaching its highest historical levels and exceeding the 17,000-point mark for the first time in Tuesday’s session. 0.58%l 16,920.58 points.

Actions Nvidia can 0.81%l 1,148.25 dollar, having traversed the negative terrain at the beginning of the session. The tech giant continues its 'surge' on North American stock markets by growing in every session since it reported its results last week. The estimate since that date has reached approximately 20%.

The benefit of good quarterly results continues Dick's sporting goodsWhich rose by more than 16% during Wednesday's trading. The sports retailer's sales rose 5.3% in the first quarter of the year, much higher than the 2.4% analysts had expected. The group ended the session on to value 15.91%l 226.03 dollar.

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In the counter course it was american Airlines, Which fell by more than 15% after lowering its guidance for the second quarter of the year. The airline has closed negotiations on Currency devaluation 13.54%l 11.62 dollar It dragged with it other groups in the same sector, such as Southwest Airlines, which slid 3.81%l 25.51 dollar.

Although the first two sessions of the week ended in red (on Monday, North American stock exchanges were closed due to Memorial Day), Wall Street's major indexes are expected to end the month with notable gains. While the S&P 500 rose nearly 5% in May, the Nasdaq Composite is actually up nearly 8%. With a more timid advance, the Dow rose 1.5%.

Investors are now awaiting the release of the US Household Consumer Expenditure Price Index – known as the Fed's preferred indicator of inflation – which is expected to remain at 2.7%. The data will be announced on Friday and may fuel hope – or not – of monetary policy easing by the North American central bank later this year.