by Caroline Valetkevitch
NEW YORK (Reuters) – The New York Stock Exchange ended mixed on Monday ahead of the release of consumer prices, which should provide more details on easing inflationary pressures ahead of possible monetary easing by the Federal Reserve (Fed ).
The Dow Jones index gained 0.12%, or 46.97 points, to 38,769.66 points.
The broader Standard & Poor’s 500 lost -5.75 points, or 0.11% to 5,117.94 points.
The Nasdaq Composite fell -65.84 points (0.41%) to 16,019.274.
The markets opted for profit-taking on Monday after recent records on the indices and before the publication, on Tuesday, of US inflation data for the month of February, with central bankers having repeatedly stressed that future indicators would be carefully examined before considering an initial reduction in borrowing costs.
This data will also be essential to confirm that inflation remains stable or to show that the January figures, which showed an acceleration in inflationary pressures and an unexpected rise in producer prices, were only a seasonal anomaly.
Inflation is expected to increase by 0.4% year-on-year and 3.1% on an annual basis in February.
Caution is also called for in the face of recent records on the indices, driven last week by optimism about artificial intelligence and the prospects of a rate cut on both sides of the Atlantic.
In terms of values, Boeing’s action fell 3% after Alaska Airlines said on Saturday that it was collaborating with the US Department of Justice which opened an investigation into an incident on a 737 max aircraft from the aircraft manufacturer.
Semiconductor manufacturer stocks continued their declines: Nvidia fell 2%, Advances Micro Devices lost 4.3% and Broadcom fell 1.2%.
(French version Zhifan Liu)
Copyright © 2024 Thomson Reuters