Wall Street Falls After Solid Rebound; awaits US inflation data

The main stock indices of the US market operate at a loss this Thursday. Wall Street pulls back after a solid rally after declines caused by fears of the Omicron variant of Covid-19. The market expects to know the US inflation data for November, tomorrow.

The main index Dow Jones, made up of the shares of 30 industrial giants, fell -0.35% to a level of 35.61.33 units. The S&P 500, which includes the titles of the 500 strongest firms in the market, yields -0.51% to 4,677.11 units. The Nasdaq, with a high technological component, falls -0.84% ​​to 15,654.33 points.

Analysts expect inflation data in the United States to remain high and give signs of a possible acceleration of the cut in monthly purchases of Federal Reserve assets. Bets on a rise in interest rates earlier than expected could be reinforced with a high data.

“The market is waiting for the inflation figure for November to be published tomorrow [en Estados Unidos]. It is anticipated that the figure will be high, which would have an impact on the Fed’s monetary policy, which could accelerate the tapering, “he explained in a report from financial group Ve por Más.

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Reference-www.eleconomista.com.mx

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