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Wall Street Falls on US Inflation Expectations; Nasdaq led to losses

The three main stock indexes of the US market fell on Tuesday morning, in a cautious market ahead of the US inflation figures, tomorrow. Technology companies led losses, dragged down by Micron’s forecasts.

main index Dow Jonesconsisting of the shares of 30 industrial giants, moves down 0.09% to 32,802.20 units, and the S&P 500 of 500 values, fell 0.36% to 4,125.32 points, and the technology Nasdaq it falls 1.14% to 12,499.91 points.

Predictions of the chipmaker Micron Technology, which lost more than 2%, drag down technology stocks. The company cut its fourth-quarter revenue forecast, citing reduced demand for chips used in computers.

On the other hand, investors hope that the inflation data for July, which will be published tomorrow in the United States, will allow them to better anticipate future rate adjustments Federal Reservewhich seeks to combat the high pressure on prices.

If the upward trend in inflation continues, and combined with the strong non-farm payrolls numbers released last week, the central bank could raise its key rate by 75 basis points. The results are treasury bonds They go up to wait.

Meanwhile, already under pressure growth technology companies, which are sensitive to high interest rate environments, are slipping and ranked in the worst sectors of the top 11 S&P. Of the 30 Dow Jones components, 14 are trading at a loss.

jose.rivera@eleconomista.mx


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