After a volatile session, the main US indexes ended up in mixed territory, after having appreciated more than 1% yesterday. Investors are cautiously awaiting the debate between Kamala Harris and Donald Trump, on Tuesday night, while also waiting for the August inflation rate in the United States, released on Wednesday.
The “face-to-face” between the two candidates for the White House promises more clarity for investors on issues such as tax proposals, public spending plans and policies on energy, electric vehicles and even the future of the Federal Reserve.
On the earnings side, the S&P 500 added 0.45% to 5,495.52 points and the Nasdaq Composite gained 0.84% to 17,025.88 points. The Dow Jones industrial average ended trading lower, falling 0.23% to 40,736.96 points.
The recovery seen in the world’s largest technology companies has given Wall Street a boost, as they were expecting a dark day ahead with the grim comments from US banking executives, which ended up putting pressure on the financial sector, which fell 1.8%.
Among the “bad news” from banks, Bank of America (-0.48%) stood out, warning that its results would be lower than expected on Wall Street, while JPMorgan (-5.19%) moderated its optimism regarding its quarterly accounts. Earlier this week, Goldman Sachs had signaled that its trading unit was on track to fall 10% compared to the previous year.
In the tech world, Bloomberg’s “Magnificent Seven” index gained 1.5%, driven by shares of Nvidia, which rose 1.53%, Tesla, which appreciated 4.58%, and Microsoft, which advanced more than 2%.
On the other hand, Apple ended the day down 0.36%, after presenting new products with artificial intelligence. Alphabet rose slightly, by 0.30%, after the European court confirmed a fine of more than 2 billion euros against Google.
Source: www.jornaldenegocios.pt
