Point markets-Wall Street falls again pending another rate hike


* The Dow Jones loses 0.56%, the S&P-500 1.13% and the Nasdaq 1.43%

* Nothing weakens the scenario of a rate hike on Wednesday

* Banks benefit, “tech” suffers

by Stephen Culp

NEW YORK, Sept 15 (Reuters) – The New York Stock Exchange ended lower on Thursday as a flurry of macroeconomic data released in the United States did nothing to change expectations of a further sharp rise in interest rates. interest of the Federal Reserve next week to fight against inflation.

The Dow Jones index lost 0.56%, or 173.27 points, 30,961.82 points.

The broader S&P-500 fell 44.66 points, or 1.13%, to 3,901.35 points.

The Nasdaq Composite, a strong technological component, fell by its side from 167.32 points (-1.43%) to 11,552.36 points.

While the rise in banking stocks with the prospect of another rate hike helped limit the decline in the Dow Jones, the decline in digital giants such as Apple (-1.9%) and Microsoft (-2.7%) on the other hand particularly weighed on the Nasdaq.

The indicators published on Thursday hardly provided any arguments to invalidate the expected scenario of a three-quarters of a point increase in the range of federal funds rates (“fed funds”) at the end of the next Wednesday meeting of the Fed’s monetary policy committee.

Jobless claims fell last week, confirming the strength of the labor market, retail sales recorded an unexpected increase in August and the “Empire State” activity index fell less than expected for September, but the ” Philly Fed” fell contrary to expectations.

And if industrial production fell by 0.2% in August, manufacturing production for its part increased by 0.1%.

In values, the health insurer Humana gained 8.4% after raising its annual profit forecast in favor of lower costs than expected since the beginning of the year.

The software publisher Adobe, on the other hand, fell by 16.8% after the announcement of the acquisition of Figma as part of an operation valuing the collaborative design platform around 20 billion dollars (as many euros).

The announcement of a draft agreement between employers and unions in the rail transport sector, which should avoid a massive strike from Saturday, allowed the companies Union Pacific (+0.2%) and Norfolk Southern (+0 .35%) to resist the downturn in the equity markets.

* The reminder of the session in Europe:

* TO BE FOLLOWED ON FRIDAY:

(Stephen Culp New York report, with Ankika Biswas Bangalore, French version Bertrand Boucey)



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