Wall Street: Wall Street ends in disarray, Nvidia carries the Nasdaq


by Chuck Mikolajczak

(Reuters) – The New York Stock Exchange ended in mixed order on Monday, the results expected after the closing of Nvidia brought the Nasdaq which touched a record, while the latest indicators published in the United States give hope of an imminent drop in rates of the Fed.

The Dow Jones index fell 0.49%, or 196.58 points, to 39,790.96 points.

The broader Standard & Poor’s 500 gained 2.13 points, or 0.04%, to 5,305.40 points.

The Nasdaq Composite advanced 96.33 points, or 0.58%, to 16,782.29 points.

Several members of the FOMC, the monetary policy committee of the Federal Reserve, stressed Monday that the persistence of inflation in the United States should encourage the central bank to be cautious.

These comments follow a weaker than expected CPI inflation figure in April, which revived hopes of an easing of US monetary policy this year. In the wake of the indicator, published on Wednesday, the Dow Jones, the Nasdaq, gold and copper reached records, because a reduction in Fed rates would benefit the American economy, but also activity worldwide.

(Reporting by Zhifan Liu)

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