In a week that will be marked by important meetings – and possible decisions – of central banks, and the presentation of results from four of the “magnificent seven”, Wall Street closed mixed.
The S&P 500, which led the gains, rose 0.08% to 5,463.54 points. The Nasdaq Composite advanced 0.07% to 17,370.20 points, while the Dow Jones – the only one to register losses – fell 0.12% to 40,539.93 points.
Nearly 300 stocks in the S&P 500 advanced. Big tech companies also rose, while small caps took a hit, with the Russell 2000 falling 1.09%, marking a reversal in the trend seen in recent sessions.
The results of Microsoft, Meta, Apple and Amazon – which will be released this week, starting with Microsoft on Tuesday – will be crucial after a lackluster start to the earnings season for the “megacaps”.
Among the “big tech” companies, Nvidia lost 1.60%, Apple gained 0.13%, Amazon rose 0.38%, Meta closed unchanged and Microsoft rose 0.34%. Alphabet advanced 1.45%.
Important announcements are expected this week from the central banks of the US, Japan and the UK. In the US, the Federal Reserve is expected to signal the possibility of a cut in interest rates in September; in Japan, a possible announcement of an interest rate hike is expected to address the weakness of the yen – despite some recent recovery; in the UK, an easing of the country’s monetary policy is expected.
Source: www.jornaldenegocios.pt
