Wall Street lost a little ground before market this Thursday, the S&P 500 falling by 0.1% after its historic records recorded last night at 4…
(Boursier.com) — Wall Street lost a little ground before market this Thursday, the S&P 500 falling by 0.1% after its historic records recorded last night at 4,995 pts. The Dow Jones also lost 0.1%, while the Nasdaq is expected to be virtually unchanged. Operators have taken note of a new series of quarterly results, with some good surprises on the files Walt Disney And arm.
On the economic front, operators will monitor weekly unemployment registrations at 2:30 p.m. (consensus 222,000), then at 4 p.m. stocks and wholesale sales. Many members of the Fed will also be speaking today, the day after interventions by Adriana Kugler, Susan Collins, Thomas Barkin and Michelle Bowman. Yesterday, Governor Kugler outlined her optimistic view that inflation will continue to fall, while emphasizing that there is no rush to cut rates. Collins, president of the Boston Fed, said it was necessary to have more evidence of easing inflation before easing monetary policy. Barkin, president of the Richmond Fed, also said it made sense to be patient with rates. Governor Bowman, in the same spirit, indicated that it was not yet time to reduce rates, while recognizing the drop in inflation… Note that Thomas Barkin speaks again this Thursday.
According to the CME Group’s FedWatch tool, the probability of a new monetary status quo from the Fed on March 20, at the end of its next meeting, is almost 80%, compared to a 20% probability of a relaxation of a quarter of a point. The same tool shows a 54% probability of a quarter-point rate cut on May 1, the date which corresponds to the next monetary meeting.
Walt Disney, Arm Holdings, PayPal, McKesson And Allstatepublished their quarterlies last night. S&P Global, Philip Morris International, ConocoPhillips, Duke Energy, Intercontinental Exchange, Thomson Reuters, Apollo Global Management, Motorola Solutions, Hershey, Archer-Daniels-Midland, Zimmer Biomet, Pinterest, Expedia, Take-Two Interactive And Interpublicreveal their latest figures today.
PepsiCo, Newell Brands And Catalentwill finally announce Friday, before market.
On the Nymex, a barrel of WTI crude rose 0.8% to $74.4. An ounce of fine gold stabilizes at $2,050. The dollar index advances 0.1% against a basket of currencies.