The main indices on Wall Street fell into the red this Monday, with traders cautious in a week with several risk events that include the North American elections, from Tuesday to Wednesday in Portugal, and a political meeting monetary policy of the North American Federal Reserve on Thursday, with a further drop in interest rates expected.
The S&P 500 lost 0.28% to 5,712.69, while the Dow Jones Industrial Average fell 0.61% to 41,794.6 points and the benchmark index for the technology sector, the Nasdaq, lost 0.33% to 18,179. 98 points.
Still impacting this Monday’s negotiations is a poll that shows the Democratic candidate leading in Iowa, which is causing the so-called “Trump trades” to lose strength, penalizing the dollar, the “yields” of the US debt and the bitcoin.
Investors are particularly attentive to changes in Congress. If control of the House of Representatives and the Senate remains divided it would represent the maintenance of the “status quo”, but if Democrats or Republicans control both chambers, this could mean a significant change in policy.
“Given that it will take us until at least Thursday to find out who won, this is unfortunately going to be a very volatile week,” Sam Stovall, chief strategist at CFRA Research, told Reuters.
“The earnings season is going well, the Fed still has to cut interest rates, the only real uncertainty is regarding the elections and this will be finalized sooner or later so that investors can re-enter the market”, he added. .
Among the main movements was Nvidia, which gained 0.48%, after it was announced that the company will replace rival Intel in the Dow Jones industrial index.
Source: www.jornaldenegocios.pt
