The Dow Jones goes back 0.4%, up to 44,730 points while the S&P 500 drops 0.31%, in 6,445 points. The Nasdaq 100 goes back 0.3% and is installed on the 21,638 points at the opening of this Thursday.
Wall Street comes from a positive session yesterday Wednesday, in which Dow Jones closed with a 1.04%rise; The S&P 500 rose 0.32% and Nasdaq Composite, 0.14%. Both the NASDAQ and the S&P 500 reached new records per second consecutive session.
The July IPC data, more friendly than expected, seemed to have erased the doubts that the market had on the monetary policy meeting of the Federal reserve In September. Operators currently give a Probability of no less than 99.8% to a cut of 25 points types In this appointment, according to the CME Group Fedwatch tool.
In fact, for example, Goldman Sachs indicated yesterday that he hopes that the Federal Reserve will make three cuts of types of 25 basic points in the remainder of the year, and two more in 2026. The cuts would place the final type between 3%and 3.25%, compared to the current level of 4.25%-4.50%.
In the fixed income, the American bonus at ten years offers a profitability of 4,234%. The two -year bonus profitabilityone of the most sensitive to changes in monetary policy, is around 3,693% after falling to 3.67% this Thursday, its lowest level since May. It has fallen almost 30 basic points since the end of July.
«The market is shown too complacent in the face of the apparent certainty that the Fed will cut the types Next month, especially with inflation that has exceeded the objective for 53 consecutive months and that clearly goes in the wrong direction, ”however warns Michael Brown, Pepperstone’s senior research strategist. Treasury Secretary, Scott Besent, He has assured today that the conditions seem more favorable for a cut of interest rates, and that the Central Bank could «start with 25 (basic points) and then accelerate.» «The conditions are now slightly more favorable for a cut,» he said in an interview in Fox Business Network, adding that he believes that «there is room for a series of feat cuts.»
In fact, today there has been a second round of inflation figures with the publication of the July Price Index (IPP), and has been much less friendly. The IPP for final demand rose 0.9% in Julyaccording to the data of the Labor Department, well above the 0.2% that economists had anticipated. The interannual IPP rose 3.3%, after the June data was reviewed upwards, from 2.3%to 2.4%. Analysts had planned 2.5%.
The usual weekly figures of initial unemployment applications have also been known today. The number of people who requested unemployment state aids stood last week at 224,000below the 228,000 planned, as announced by the Department of Labor. The figure of the previous week was reviewed upwards, at 227,000, compared to an earlier estimate of 226,000. The mobile average of new applications of the last four weeks, which is considered a more reliable indication of trends in the labor market since it reduces volatility peaks, rose to 221,750.
However, «I keep my bugle on the variable income,» Brown adds. «Frankly, it is difficult not to do it: the growth of profits is impressive; the tone on trade is softening a lot; the economy remains resilient; and even if that last point falters, the Fed has a wide margin to make monetary policy more flexible.»
In the business field, the season of results of the second quarter gives its last ponytails, but relevant names are still coming out of the arena.
This is the case of Cisco Systems, which moves with 1.7% falls in the opening. The technology announced last night that it recorded adjusted profits of 99 cents per share in its fourth fiscal quarter, on revenues of 14,670 million dollars. Analysts had expected a gain of 98 cents per share and 14,620 million dollars in revenue. The company’s forecasts also exceeded expectations. Cisco shares have risen almost 19% so far this year.
In the early morning today he has presented his accounts Deere & Co. The manufacturer of agricultural teams recorded a lower gain in the third fiscal quarter, affected by the weak demand and the difficulties derived from the tariffs. The company’s net profit was 1,290 million dollars, or $ 4.75 per share, compared to $ 1,730 million, or $ 6.29 per share, the previous year.
The company Wait a net profit of between 4,750 and 5,250 million dollars for the whole year. The upper limit of this range is below a previous forecast indicating a net profit of around 5.5 billion dollars. Deere’s shares fall more than 7% in the opening of the session.
Tapestry collapses 16% after predicting annual profits below the estimates, since the fashion firm provides that the increase in costs due to tariffs affects its margins. The company estimates an impact of 160 million dollars for tariffswhat could result in an impact of approximately 230 basic points on its operational margin of fiscal year 2026. The company expects Profit per share for fiscal year 2026 are between 5.30 and $ 5.45 per sharecompared to the estimates of analysts of $ 5.49. However, he hopes that the income is approximately 7.2 billion, compared to the estimates of analysts of 7.110 million, due to the stable demand.
With more than 450 companies of the S&P 500 having already published their accounts, The average increase of benefit per action (BPA) is 13.2%compared to 5.8% expected before the publication of the first company, according to the calculations of Bankinter analysts. Bate results 80% of the companies, disappoint 16% and the remaining 4% is in line with the expected. In the first quarter, the BPA increased by 13.6%, compared to the 6.7% expected before the publication of the first company.
Out of the results, investors will also have to monitor the Pharmaceutical sector after the agency Reuters You have published that the administration of President Donald Trump will probably announce in a few weeks the results of an investigation into pharmaceutical imports and NEUVOS Specific American Tariffs For the sector.
Companies in the sector, such as Eli Lilly & Co and Merck remain without too many changes. The sector in general has been the one that has fallen most in the S&P 500 this year.
In raw material markets, oil prices rise slightly, although they maintain a dose of caution waiting for the summit between Trump and Putin tomorrow Friday. If there is finally a peace agreement on Ukraine, it could occur, but otherwise, there could be new measures against buyers. The future of the American West Texas rise 1.65% to $ 63.62, while the International Reference Brent oil is paid at $ 66.56, with a rise of 1.4%.
The euro yields 0.53% against the dollar until they leave the exchange rate at $ 1,1656 for each community currency.
Today it is also essential to talk about Bitcoin, which has come to touch a maximum of $ 123,693, although at this time it is changed to 118,362 dollars.