Wall Street ends lower, Meta Platforms weighs on the S&P500


by Bansari Mayur Kamdar and Noel Randewich

Feb 7 (Reuters) – The New York Stock Exchange ended lower on Monday as concerns about an acceleration in monetary tightening and geopolitical tensions took precedence over corporate earnings.

The Dow Jones index fell 0%, or 1.39 points, to 35,091.13 points.

The broader S&P-500 fell 16.66 points, or -0.37%, to 4,483.87 points.

The Nasdaq Composite fell for its part by 82.34 points (-0.58%) to 14,015.67 points.

Investors continue to fear that the US Federal Reserve will raise interest rates faster than expected.

The jobs report, released last week by the Labor Department, reinforced those concerns. The publication of inflation figures for January is expected on Thursday.

Markets now estimate a one-third chance of a 50 basis point hike in the fed funds rate in March.

In stocks, Amazon rose after reporting strong results on Friday.

Meta Platforms was down, still penalized by its lower-than-expected revenue forecast published last week, weighing heavily on the performance of the S&P 500.

Peloton Interactive, a specialist in sports equipment, has soared, with a source and press reports indicating interest from several potential buyers, including Amazon and Nike.

* TO BE FOLLOWED ON TUESDAY:

(French version Camille Raynaud)




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