US indicators erase yesterday’s gains on fears that rising prices will weigh on companies’ results.
Wall Street ended yesterday’s session with strong increases thanks to the statements of the president of the Federal Reserve, Jerome Powell, who in a public intervention assured the institution would not hesitate to continue raising interest rates until inflation began to decline.
But optimism in the market has dissipated in a matter of hours. Today, the red numbers dominate a session as a result of the worrying rise in costs that several companies have reported in their quarterly results.
The Nasdaq is left almost 3% and falls again to 11,600 points. The S
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