Wall Street ended a mixed session. Bed, Bath & Beyond drops over 35% – Bolsa

New York’s major indices ended the day mixed, as investors expected a “lively” week of results from big tech companies, such as Alphabet, owner of Google, Microsoft, Amazon, and Meta – owner of Facebook and Instagram.

At the same time, the market should also pay attention to the release of a batch of economic data that should allow for a better understanding of the decision the Fed will make at the monetary policy meeting in early May.

The S&P 500, the main index for the region, rose 0.09% to 4,137.04 points, the Nasdaq Technology Composite Index fell 0.29% to 12,037.2 points, and the Dow Jones Industrial Average increased by 0.2% to 33,875.4 points.

Tesla lost 1.53% after the Elon Musk-led electric car maker announced it would increase its capital expenditures this year as it aims to ramp up production. Microsoft also fell 1.4%, with quarterly results expected on Tuesday.

its consequences [das decisões] One feels from Tesla, and in Microsoft’s case, there’s a lot of anxiety before results are presented,” Michael James, of Wedbush Securities, told Reuters, adding that it was very important to see how “elastic the growth was.” [das empresas]given cost concerns.

Bed Bath & Beyond fell 35.67% after the home goods retailer filed for bankruptcy last Sunday after failing to secure financing to stay in operation.

First Republic Bank stock rose 12.2% ahead of results for the first three months of the year. Since the beginning of 2023, regional banking indicators in the United States have already lost 88% – this was punished by the crisis in the sector after the bankruptcy of the Silicon Valley bank.

Among the data that should contribute to a better understanding of the state of the US economy are the GDP for the first three months of the year, as well as the consumer spending index for March and consumer confidence for April.

After statistics released last week created expectations of a 25 basis point rate hike in May and a rate cut later this year, investors are looking for clues in that direction.