The main stock indices of the US market have mixed behavior this Tuesday, after a negative opening. The negotiations Wall Street they are scattered, after a producer price data that was higher than expected and pending the announcement of the Fed’s monetary policy.
The benchmark index S&P 500, made up of the shares of the 500 main issuers, fell -0.47% to 4,646.80 points. The Dow Jones, which make up the papers of 30 industrial giants, advanced 0.22% to 35,728.88 points. The Nasdaq, with a high technological component, lost -1.06% to 15,249.39 units.
The US producer price index rose 0.8% in November, the Labor Department reported this morning, a figure higher than the 0.5% expected by analysts. “The data is surprising just at the beginning of the Fed meeting, which could accelerate the rate of cut in its stimulus program,” explained eToro.
Due to persistent inflation, the US central bank is expected to accelerate the pace of tapering. Some analysts believe that the market is discounting a rise in interest rates in the United States in mid-2021, but investors protect themselves against the possibility of anticipated hikes.
Reference-www.eleconomista.com.mx