In the last hour of business, and after maintaining the Fed the types without variations in the United States as expected the market, the Dow Jones loses 0.59% to 44,368 points, while the S&P 500 yields 0.31%, in 6,350 points. Already in the case of Nasdaq OMX descents of 0.12% to 21,074 points.
Investors react generally down to understand that Powell’s appearance, after the Fed decision to keep the American types unchanged, demonstrates that in addition It has no intention of lowering them at the September meetingwith the data you have so far.
Wall Street comes from a loss day yesterday Tuesday, marking the first session of the last seven in which the S&P 500 did not close in a historical maximum. The index closed with a 0.30%decrease, while Dow Jones ended up falling 0.46%. The Nasdaq technological also said goodbye to maximum with a decrease of 0.38%.
The large indices were weighed down for instability in commercial negotiations between the US and China. After two days of negotiations between the two greatest world powers, both parties agreed to request An extension of its 90 -day tariff truce, which expires on August 12. American officials have affirmed that the approval of the extension will correspond to President Donald Trump.
In the Commercial Front, South Korea also presses to achieve a commercial agreement before the deadline of August 1 imposed by Trump. Its officials meet with US Secretary of Commerce, Howard Lutnick, in Washington.
Today Trump has warned that The deadline of Friday (August 1) will not extend to restart its ‘reciprocal’ tariffs on dozens of countries. «The deadline of August 1 is the deadline of August 1. It remains firm and will not be extended. A great day for the United States !!!», has left written in Truth Social.
But today, beyond the ravines of the tariffs, investors have their eyes on the meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve. Future of federal funds estimate A probability close to 98% of the Central Bank maintaining its reference interest rate In a range between 4.25% and 4.5%, according to the CME Group Fedwatch tool.
«Despite the greatest political scrutiny, the president of the Federal Reserve, Jerome Powell, continues to show patience in the face of any decision on interest rates,» explains Jerry Tempelman, vice president of Fixed Income Research of Mutual of America Capital Management. «Financial markets do not anticipate any change in the monetary policy of the Federal Reserve until at least September.»
In that sense, the operators will be attentive to both the Fed statement and Powell’s words in case they can find clues about future monetary policy movements. In fixed income, always very sensitive to monetary policy, today the American reference bonus to ten years pays 4.32%.
But the macroeconomic agenda is also intense, with the First Estimation of the GDP of the second quarterwhich has been known shortly before the opening. The US economy grew at a rate of 3% in the second quarter, a better pace than expected Even in spite of Trump’s tariffs, thanks to a rebound in exports and a renewed consumer strength. The analysts had expected a growth of between 2.3% and 2.4%, after the contraction suffered in the previous quarter.
It has also come to light The Employment of the Private Sector ADP reportwhich serves as a prelude to the important report of non -agricultural payrols of June that will publish this Friday the Department of Labor. And the figures are hopeful in terms of labor market health: private payrolls They increased by 104,000 desestationalized positions in July, reversing a loss of 23,000 in June and overcoming the forecast of economists of an increase of 64,000 jobs. In addition, the June figure was reviewed up from the initially published loss of 33,000 jobs. Salaries increased at an annual rate of 4.4% during the month, practically in line with recent trends.
Protagonists of Wall Street: Starbucks, human, visa …
In the business field, the quarterly results season continues, with special prominence today of the ‘7 magnificent’, such as Microsoft and Meta (Facebook). However, we will have to wait at the close of the regular day to know your accounts. Also at the closure, Ford Motor or Robinhood accounts will be known.
Meanwhile, investors have a few quarterly reports to assimilate. This is the case, for example, of Starbucks. The company behind the famous coffee shop chain rises 4.5% in the opening after exceed income expectations in your third fiscal quarter. Starbucks recorded revenues of 9,460 million dollars, while consensus estimates pointed to 9,310 million dollars. However, comparable sales fell for sixth consecutive quarter. The earnings per share were 50 cents, adjusted.
Worse reception have the accounts of the Visa credit card giant. Their actions fall by 2% despite have reaffirmed your forecast by 2025 of a two -digit net income growth. In addition, it exceeded expectations in income and profits in the third fiscal quarter. Visa registered adjusted profits of $ 2.98 per share on income of $ 10,170 million, while analysts had predicted $ 2.85 per share and 9,840 million dollars in income, respectively.
Human actions rise almost 5% after the insurance giant has put better profits than expected. In the second quarter, The company scored adjusted profits of $ 6.27 per share on income of $ 32,390 million. Analysts had expected a profit of $ 5.92 per share and income of $ 31,890 million. Human has also raised his profit and income forecasts for the whole year.
Caesars Entertainment surprises the market with losses in the second quarter. He casinos operator lost 39 cents per actionwhile the analysts had expected a profit of 5 cents per share. The revenues of 2,910 million dollars exceeded consensus forecast of 2,860 million dollars.
In raw material markets, oil prices fall while operators monitor the details of US trade negotiations with their partners, which could impact one way or another on the demand for black gold. American West Texas futures rise 0.59% to $ 69.61 per barrel, while international reference Brent is revalued 0.6%, at $ 72.10.
Today the euro drops 0.72% against the dollar until leaving the exchange rate at $ 1,1463 for each community currency.