The New York Stock Exchange (NYSE) begins the day with mixed movements, while investors prepare to receive separate statements from some members of the company. Federal Reserve (Fed) throughout the day.
The setbacks in Wall Street so far they are for him Nasdaq, which falls 0.07 percent to stand at 16,322.10 points; he is followed by S&P 500 with a decrease of 0.02 percent in the 5 thousand 186.32 units; meanwhile, the Dow Jones adds 0.11 percent towards the 38 thousand 928.83 integers.
“We do not rule out a session with greater caution and profit taking in certain asset classes, in response to the cautious tone of the latest statements from a Fed official and some disappointing corporate reports. The agenda continues to be relatively light, only speeches by three Fed officials stand out,” indicate analysts from Grupo Financiero Ve por Más.
Wall Street’s enthusiasm for stocks faded after a four-day rally that put the market on its longest winning streak since March.
After a setback last month, stocks resumed their advance in May as strong corporate earnings bolstered sentiment and speculation grew that the Federal Reserve may cut rates this year. The recent rally moved the S&P 500 about 1 percent away from its all-time high.
Inflation figures due out next week will offer new insights into the US economy after employment data released on Friday showed the labor market is cooling. The president of the Federal Bank of Boston, Susan Collins, noted this Wednesday that it will probably be necessary to keep interest rates at a two-decade high for longer than previously thought to curb demand and reduce price pressures.
This is how the BMV is quoted this May 8, 2024
The falls persist in the local market, where the declines are 0.12 percent for the main index of the Mexican stock exchange, S&P/BMV CPIwhich is located at 57 thousand 39.97 integers, likewise, the FTSE-BIVA of the Institutional Stock Exchange it gives 0.17 percent, in 1,168.64 units.
Meanwhile, the green slates remain in the euro zone, where the CAC 40 of France adds 0.89 percent, at 8 thousand 147.63 points, the IBEX 35 of Spain adds 0.68 percent, with 11 thousand 157.33 points, in London’s FTSE 100 gains 0.54 percent at 8,358.97 units and Spain’s IBEX 35, which hovers around 11,153.50 points, rises 0.65 percent.
As for oil prices, they are operating on the rise, with the Brent benchmark showing the greatest increase with 0.28 percent, at 78.60 dollars per unit, while the West Texas Intermediate (WTI) adds 0.20 percent, trading at 83.33 greenbacks per barrel.
With information from Bloomberg.
