New York Stock Exchange closed without one direction in the face of a complex economic recovery | Finance

New York Stock Exchange closed without one direction in the face of a complex economic recovery |  Finance

the three Major Stock Indexes from Wall Street They finished their operations without one direction on Wednesday (29). These moves came partly as a rebound from yesterday’s losses and partly due to concerns about the economic recovery.

or index Dow Jones It ended the day 0.26% higher at 3,4390.72 points, while Standard & Poor’s 500 It advanced 0.16% to 4,359.46 points Nasdaq It recorded losses of 0.24% at 14,512.44 points. The indices started the day with an upward bias, lost some momentum after the speeches of the central bankers at a committee of the European Central Bank (ECB), and started to grow again, but lost steam again, with the Nasdaq closing the day in rejection.

Today, the heads of monetary authorities from Japan, the United Kingdom, the European Union and the United States gathered for a meeting promoted by the European Central Bank. in the event, Jerome Powell, head to do Federal Reserve (feed it, the US central bank) that saying that high inflation is transient does not mean that it will fall quickly. The head of the US Monetary Authority also said that “supply is what limits the recovery, so we are facing an unusual problem.”

While central banks are showing that inflation will remain higher for a while, but that they will start monetary tightening programs soon, central banks are making investors more cautious and ready to reset their portfolios. In addition, the concern with Evergrande, a gas supply Restricted in Europe and as a result US debt ceiling In Congress they remain on the radar, preventing more consistent progress.

“It appears that investors just want to move beyond the debt ceiling drama and focus on the global economic recovery, which is set to occur as delta risks decrease and vaccination rates around the world continue to improve.” Edward Moya, chief analyst at OANDA, said in a statement.

Given the fear of a more complex economic recovery, the sectors that stood out among the S&P 500 sectoral indices were Public serviceswith a profit of 1.30%, and Consumer Goods, with a lead of 0.87% – both are usually defensive spaces for investors. No wonder the food is multinational Tyson Foods He finished with 3.44% and Kraft Heinz 2.48% profit.

On the loss side, the strip Technique It recorded another loss of 0.10%. Despite this, the Netflix Leading 2.63% after the studio’s acquisition was announced night school studioAnd game developer.

– Photo: sergeitokmakov / Pixabay

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