The Dow Jones rises 0.14% in the 44,984.14 points, the S&P 500 cuts 0.13% in the 6,403 points and the Nasdaq falls 0.39% to 21231.81. Inside the Dow Jones, McDonald’s (0.90%) and Coca Cola (0.83%) are the actions that rise most in the opening; on the other side, 0.88% drops for Amazon and 0.80% for NVIDIA.
Wall Street comes from a mixed day yesterday in which the correction in technological values and linked to artificial intelligence was too ballast for the S&P 500 and Nasdaq. Thus, both S&P 500 and Nasdaq Composite closed with important falls, the largest in a session since the beginning of April, 0.59% and 1.46% respectively. However, Dow Jones closed the day with a slight advance of 0.02%, after having reached a historical intradic historical session.
Investor’s looks are today on monetary policy and cabal on future Fed movements. This afternoon will be published The minutes of the Monetary Policy Meeting of the Federal Reserve of July 29 and 30. In that appointment, the monetary authorities were stable again the interest rates, but the governors of the FED, Christopher Waller and Michelle Bowman, disagreed, which marks the first time that two Fed officials with the right to vote have been done since 1993.
The minutes will serve as a prelude to Jackson Hole’s symposium that starts tomorrow (from July 21 to 23)and in which investors will be especially attentive to the intervention of the president of the FED, Jerome Powell, Friday. Each Powell’s word will be analyzed to the millimeter in search of clues about future interest rates movements of the institution.
Currently, market operators Dan A probability of almost 83% to a cut of 25 basic points At the September meeting, according to the Fedwatch tool, CME Group.
«We hope that this year’s Jackson Hole meeting will provide an opportunity for Powell to bow again on monetary flexibility,» says Andrzej Skiba, from RBC Global Asset Management, in statements collected by the CNBC. «While there are some hot points in the inflation reading of this month, they are probably not enough to deter the ‘doves’ (moderate) of the committee.»
In fixed income, always very aware of monetary policy, the Ten -year -old Bono offers a profitability of 4,300%.
Protagonist values of Wall Street: Target, Estee Lauder and more
Meanwhile, the results season gives its last spare parts. So far they have submitted their accounts and more than 90% of the companies of the S&P 500, with an average increase of the benefit of 12.9%, compared to the 5.8% expected before the publication of the first company. Bate results 80% of the companies, disappoint 16% and the remaining 4% is in line with the expected. In the first quarter, the profits increased by 13.6%, compared to the 6.7% expected before the publication of the first company.
Among the companies to present accounts, Estee Lauder’s actionsCaen a 3.6% After the cosmetics giant has put on the table Some forecasts below what was expected for the year. The company, which awaits an impact of 100 million only for tariffs, hopes that the profits adjusted by action for the whole year will be between 1.90 and 2.10 dollars, compared to the estimates of analysts of 2.21 dollars per share. It also foresees an interannual growth of income for the fiscal year of 2.5%, less than the expected 2.6%.
9.6% collapse to Target retailer. The company has broken the analysts’ forecasts with its second quarter accounts, but maintains the annual forecasts that it reduced last May. Target obtained an income of 25,210 million dollars in the second quarter, compared to estimates of 24,930 million that the market had managed. Excluding extraordinary items, the company reported profits of $ 2.05 per share, exceeding Wall Street estimates in 2 cents.
On the other hand, Target has announced that Michael Fiddelke It will be his new CEO, replacing Brian Cornell.
Best reception for Lowe’s, which records advances of 2.6% After beating market expectations. The retailer of household items recorded earnings of $ 4.3 per share in the second quarter, compared to a forecast of $ 4.24 that the market had handled. Lowe’s too He has announced the purchase of Material Foundation Building for 8,800 million dollars to boost your home products.
The TJX Companies discount store chain has presented $ 1.10 earnings per share of revenues of $ 14.4 billion. These figures exceed the estimation of earnings consensus of $ 1.01 per title and income of 14,130 million.
Toll Brothers moves downward in the opening despite beating the expectations of analysts. The luxury housing construction company earned $ 3.73 per share with $ 2,880 million in revenues in its third fiscal quarter, while Wall Street had anticipated $ 3.60 per earning share and $ 2,850 million.
Other markets
In raw material markets, oil futures rise while investors evaluate negotiations to end the Ukraine War, and after an industry report has shown that US oil reserves decreased last week. According to the American Petroleum Institute, crude oil inventories fell by 2.4 million barrels last week. Government data will be published later on Wednesday. The futures of West Texas American They earn 1.28% to $ 62.56 per barrel, while Brent Petroleum of international reference is paid at $ 66.53, with a rise of 1.12%.
The euro rises 0.15% at its intersection against the dollar until leaving the exchange rate at $ 1,1664 for each community currency.
For its part, Bitcoin falls 1.53% in 113,428 dollars.