-9.8 C
New York
Saturday, February 4, 2023

Don't miss

Wall Street: S&P 500 ends lower as Apple falls and market waits for Powell speech

- Advertisement -
Powell is due to speak at a Brookings Institution event on Wednesday on the outlook for the US economy and job market (Image: Pixabay)ll street

The S&P 500 ended lower on Tuesday, with losses in apple 🇧🇷AAPL) and on amazon 🇧🇷AMZN), the day before a speech by the president of the Federal Reserve From USA🇧🇷 Jerome Powellwhich may provide hints about the magnitude of future increases in interest rates. fees🇧🇷

Investors also focused on the recent protests against the Covid-19 restrictions in China, which affected even the largest factory of iphone of the world.

- Advertisement -

According to preliminary data, the S&P 500 🇧🇷SPX) fell 0.17% to 3,957.12 points, while the Nasdaq Composite 🇧🇷US100) retreated 0.59% to 10,983.86 points. O Dow Jones 🇧🇷DJI) fell by 0.01% to 33,847.52 points.

Apple shares fell for the fourth straight session.

- Advertisement -

Powell is due to speak at a Brookings Institution event on Wednesday on the outlook for the US economy and job market.

Investors will be looking for clues as to when the Fed will slow the pace of its aggressive interest rate hikes.

“Nobody is willing to buy before tomorrow with Powell talking. Everyone is nervous about what he’s going to say,” said Ron Saba, senior portfolio manager at Horizon Investments in Charlotte.

Follow Money Times on Linkedin!

Stay informed, post and interact with Money Times on Linkedin. In addition to staying on top of the main news, you have exclusive content about careers, participate in polls, understand the market and how to be at the forefront of your work. But that’s not all: you open new connections and find people who are a good addition to your network. No matter your profession, follow Money Times on Linkedin🇧🇷

Source: Moneytimes

- Advertisement -
spot_img

Latest Posts

spot_img

Latest