(CercleFinance.com) – Wall Street ends without a trend and seems to have opted for the ‘algorithmic straitjacket’ from the first exchanges: the bets were made at 3:35 p.m. and the scores then froze for more than six hours.
But by freezing the situation, the US indices escaped volatility which could lead to a ‘complicated’ scenario in the event of a further decline: this would have been the seventh for the Dow Jones which ultimately gained 0.17% to 37,799.
The S&P500 lost 0.21% to 5,051, returning to its levels of February 22, and the Nasdaq Composite crumbled by 0.12% to 15,865 (Tesla -2.7%, Apple -2%), which confirms the sinking of the level of 15,950 (next objective at 15,580, the ‘gap’ of February 21).
Jerome Powell’s statements had a neutral impact: according to him, recent data on inflation in the United States did not give enough confidence to central bank officials to quickly reduce interest rates.
The Fed may have to maintain interest rates at 5.25% ‘longer than expected’: a rate cut in June seems increasingly uncertain given retail sales in the United States which have risen above expectations Monday (at +0.7%).
In Tuesday’s statistics, the Commerce Department reported a 14.7% plunge in housing starts in the United States in March compared to the previous month, while building permits fell. by 4.3%.
Furthermore, American industrial production increased again by 0.4% in March (just like in February), notably with a 3.1% jump in automobile production, and the industrial capacity utilization rate increased. is increased by 0.2 points to 78.4%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.