(CercleFinance.com) – Wall Street ended with more or less significant losses on Friday, worried about the implications of the coming change in monetary policy: the Dow Jones dropped nearly 1.5% to 35,365 points, but the Nasdaq Composite lost less than 0.1% at 15,170 points.
Equity markets appeared to be more aware of the central bank’s next turn of the screw, especially as Fed member Christopher Waller suggested rate hikes might be warranted as soon as possible. March.
‘Given my expectations for inflation and labor market conditions, I believe that an increase in the Fed funds rate target range will be warranted soon after our asset purchases end.’ he explained in a speech.
Many traders are still wondering if inflation is a real threat or if prices should moderate on their own next year, which means that an interest rate hike too early could put pressure on the market. reprise.
After this session of the ‘four witches’ at half mast, the US equity indices will have to fight hard to maintain a symbolic lead over the month of December, a period traditionally favorable to the stock market.
Side values, FedEx rose by nearly 5% after the announcement Thursday evening by the logistics group, on the occasion of its quarterly publication, of the launch of a new share buyback program of five billion dollars.
Oracle slipped 6.4% as news reports lent the enterprise software publisher plans to acquire Cerner, a world leader in healthcare and research information systems for the hospital.
JPMorgan Chase sold 2.3% as the bank said it would pay $ 200 million to end litigation with U.S. officials over failing to keep documentation of its household activities brokerage.
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