Stocks on Wall Street are falling on fears that the Federal Reserve will implement a sharp hike in interest rates

Wall Street’s entrance to the New York Stock Exchange (NYSE) in New York City, US, November 15, 2022. REUTERS/Brendan McDermid/File

Wall Street Opened this Tuesday, the first day of the week after the festive day Monday, with All indicators downand the most important is Dow Jones industrial, lost a 0.90%in an environment in which it is Fears of tightening interest rates.

By the time the bell tolled on the New York Stock Exchange, the Dow Jones ticked off 33,561 pointsa decrease of 305 units compared to the Friday session.

For her part, selective The S&P fell 41.25 whole numbers (-1.01%) to reach 4046.25 points while the index Nasdaqwhich brings together major technology companies, was precisely the most loss 166.50 units (-1.34%), up to 12223.50 integers.

Investor sentiment also affected me Fourth quarter results The Attorney General announced this Tuesday before Walmartthe largest American retail chain, and Home Depotone of the largest home goods chains, either way worse than expected.

EFE/Justin Lin/File

The CEO of Walmart (which is down 2% in these early stages, though it’s gradually recovered), John David RennieI admit it Consumers buy less “discretionary” products (non-core) Because prices remain high after a year of very high inflation.

For its part, Home Depot A 5.27%to become Biggest draw daw in the morning of New York.

New York parquet still fears it The Federal Reserve (Fed) is raising interest rates more aggressively to control inflationafter several Federal Reserve executives voiced themselves in this regard last week.

Exterior of the Federal Reserve Building, Washington, D.C., USA. June 14, 2022. (Reuters)/Sarah Silbiger/File
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By sector, all declines were this morning except for the energy sector (0.16%), where non-essential commodities (-2.06%) and real estate (-1.66%) were the worst.

30 Dow Jones values ​​started the day in the red, plus Home Depot falls lower Intel (-2.72%), Disney (-2.27%) f 15:00 (-2.16%).

for his part, Apple Inc, Inc, Microsoft Corp, Alphabet Incthe parent company of Google, lost on 1%.

in a bright spot Meta Platforms Inc climbed a 0.7% After a parent on facebook said he’s testing the The monthly subscription service is called Meta Verifiedwhich will allow users to verify their accounts with a government-issued ID card and earn a blue badge.

(With information from EFE and Reuters)

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Myrtle Frost

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