The Nasdaq ends up closing in the red after rising 1%.
Wall Street started today’s session lower and losing part of the ground gained yesterday, when both the Nasdaq and the S
“At the Fed we understand the difficulties that high inflation is causing. We are firmly committed to reducing inflation and we are moving quickly to do so,” said the president of the US central bank. “It is essential that we bring down inflation if we want to have a sustained period of strong market conditions that benefit everyone,” he added.
These words boosted the US indices, to the point that they became positive. However, these advances were not sustained until the end of a session marked by constant ups and downs. Both the Dow Jones and the S
The Dow Jones lost 0.15% to 30,483 points. United Health, Johnson
The S
For its part, the Nasdaq lost 0.15%, to 11,053 points. Among the big technology companies, only Amazon escaped the red numbers, scoring 0.25%. Apple, Alphabet, Microsoft and Meta closed slightly lower.
These slight falls took place after a day in which the pessimism of several investment firms about the evolution of the economy was evident. “The experience of history indicates that disinflation often carries significant costs to growth and we see the aggregate probability of recession now approaching 50%,” Citigroup said in a note.
For its part, Goldman Sachs considers that the risks of recession have increased in recent months. We are increasingly concerned that the Fed will feel compelled to respond strongly to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows sharply. .
UBS, on the other hand, does not expect a US or global recession in 2022 or 2023, “but it is clear that the risks of a hard landing are increasing.”
In the oil market, the West Texas barrel, a reference in the US, fell to 105 dollars. This was noted in the price of the oil companies, since Exxon Mobil suffered a decrease of 3.96%. Losses were even more pronounced at Marathon Oil and ConocoPhillips, as they tumbled 7.23% and 6.27%.
The ounce of gold resisted at 1,840 dollars, while the yield on the US 10-year bond fell to 3.16%.
