The benchmark S&P 500 index was stable for that day, which was riding its record below 0.9% below the top. Tech-Heavy Nasdaq was down 1.2% from its highest high in support of D-Escalation in the Middle East rivalry.
Nasdaq 100 – Subset of the Nasdaq Composite Index – The intraday recorded the record high.
Despite the different violations of the ceasefire by US President Donald Trump a day ago, investors were optimistic that the conflict between the two -fighting countries would continue.
Powell said in his Congress testimony that Trump’s tariff prices could bring a one -time upward rise, but there is a risk of continuous inflation, it is larger enough to be careful with regard to further decline.
These comments came after a day when the top policy maker emphasized the Fed waiting and clock approach, but if the inflation cools, or if the labor market is weak, the immediate rate reduction can be considered.
“Investors have been kept in a policy -based market for a long time. There are many tariff rhetoric that has gradually worked in it,” Shiraz Ahmed said, the founder and CEO of Serterial Wealth Inc.
“Investors now just want to see which degree they (policy -partners) will start to come in line and eventually start reducing rates to support the market.”
According to the CME Group’s Fedwatch tool, traders are priced at about 70% of the possibility of reducing the first 25-BPS rate for next year in September.
Eight in 11 big S&P 500 sub-fields fell by a decrease of 1.3% in real estate, with data being reduced to the sale of new single-family homes.
On the flip side, the information technology sector has increased by 0.8%, with NVIDI increased by about 2.4%.
In other megakaps, Tesla’s shares fell 3.3% in the fifth month, with its European sales falling by 3.3%.
Delivery giant FedEx’s stock fell 2.9% after the forecast for quarterly profit estimates, while General Mills lost 3.3% after the annual profit expectations were missing.
Micro reduced its quarterly results 1.4% after the bell.
At 11:46 am, Dow Jones lost 108.42 points or 0.25%at 42,980.60, S&P 500 lost 0.67 points or 0.01%, 6,091.51 and 0.23%, 19,9584, or 0.23%, 19,9584.
The final chance of the Department of Commerce on the first quarter GDP is pending on Thursday, while Friday’s Personal Consulation Cost (PCE) report will help investors ensure Trump’s tariffs to ensure the economic impact of the tariffs that have kept global markets on the beginning of the year.
US-listed shares of cyber security firm Blackberry rose 14.5% after the company increased its annual income forecast.
The declining issues move by 2.15 -to -1 ratio on NYSE and a 2.04 -to -1 ratio on Nasdaq.
The S&P 500 posted 20 new 52-week S Nutrition and 5 new low posts while the Nasdaq Joint has 75 new highs and 48 new low.
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