Major US stock indices traded mixed in early trading on Monday. Shares in the technology sector stand out on the New York floor, after suffering strong pressure this month due to bets on the Federal Reservein a hectic start to the year.
The index Nasdaq of high technological component leads the gains with an increase of 1.79% to 14 016.55 points. In January, he made a correction with a drop of more than 10% compared to his record. The S&P 500 earns 0.64% at 4,460.09 units and the Dow Jones Industry lost -0.03% to 34,714.46 units.
It was a month of great turmoil in the US stock market, with the S&P 500 falling 6.50% from the December close; the Dow Jones, 4.50% and the Nasdaq, 10.50%, the historic point for its weakest start of the year, at a time when investors are moving away from stocks that have high valuations.
However, investors are already looking at the possibility of restarting purchases, reflecting some major stocks. “After Friday’s bullish close, we can move into some consolidation zone [en el S&P 500]given the level of oversold achieved, “said Javier Molina, an analyst at the eToro platform.
Investors sent off risk assets in January because the market feared a tightening of monetary policy in the United States. The tension in Ukraine and Russia and the nervousness about the Omicron variant of Covid-19 were also two important factors in this downward pressure.
Reference-www.eleconomista.com.mx