Wall Street falls back in its first week of 2022

The main stock indices of Wall Street They closed the first week of 2022 with weekly losses, because investors are worried about imminent interest rate hikes in the United States.

The market fell back on Friday after the latest U.S. employment report exacerbated concerns about the possibility that the Federal Reserve raise the cost of money aggressively.

The data of the work Department showed that the labor market is at levels close to maximum employment, but non-farm payrolls rose less than expected due to a shortage of workers.

On Wednesday, minutes from the Fed’s December meeting indicated that the central bank may have to raise interest rates earlier than expected, in a “very tight” labor market and in the face of the inflation constant.

The index S&P 500 it lost 0.41% to 4,677.03 points. Consumer discretionary and technology sectors led the way down, while financials and banking extended their gains in recent days.

The index Dow Jones, made up of the shares of 30 industrial giants, closed with a marginal loss of 0.01% at 36,231.66 points. The Nasdaq, from large technology firms, lost -0.96% to 14,935.90 units.

Another factor that increased investors’ nervousness was the increase in Covid-19 cases due to the variant Omicron.

The action “meme” GameStop Corp climbed 7.32% after the video game retailer reported that it is launching a division to develop a non-fungible token market and establish cryptocurrency partnerships.