At the close, the Dow Jones index fell 0.12 percent to 40,539.93 points. The S&P 500 index rose 0.08 percent to 5,463.56 points and the Nasdaq index rose 0.07 percent to 17,370.33 points.
While investors in the US are turning their attention to the Fed’s Federal Open Market Committee (FOMC) meeting, which will start tomorrow and whose decisions will be announced on Wednesday, a mixed course was observed in stock markets.
While the Fed is expected to keep interest rates on hold this week, analysts said inflation and labor market developments could signal that a rate cut is possible at the next meeting in September.
Analysts said that the signals from the policy text and Fed Chairman Jerome Powell’s statements are expected to be decisive on the direction of asset prices.
While the busy macroeconomic data calendar is also the focus of investors this week, analysts noted that in addition to the signals to be received from the Fed, the data in the employment report to be released on Friday in particular could reduce the question marks about the bank’s interest rate cut.
On the other hand, while the earnings season continues intensively, the financial results of US technology giants Microsoft to be announced tomorrow, Meta on Wednesday, and Apple and Amazon on Thursday will be followed.
Analysts stated that the financial results to be announced by technology companies could increase stock and sector-based volatility.
Shares of US quick-service restaurant chain McDonald’s, which announced its balance sheet today, rose by 3.7 percent despite the company’s sales falling by 1 percent in the second quarter of this year, its first decline since 2020, and its revenue and profit falling below expectations.
Source: www.dunya.com
