Red dominates Wall Street. Only Nasdaq escapes – the stock exchange

North American stock markets closed mostly with losses, after a start in positive territory driven by technology. The banking sector was particularly pressuring the negotiations, which were the most downgrading of the S&P 500, a day after the financial rating agency Standard & Poor’s downgraded the “rating” of some North American banks.

The Standard & Poor’s 500 Index fell by 0.28% 4,387.55 points, and the Dow Jones Industrial Average fell by 0.53% 34,288.83 points. Only the Nasdaq Tech Index ended the day with gains, albeit slight. The index rose by 0.06% 13,505.87 points.

Nvidia, which ended yesterday’s session with gains of more than 8%, lost 2.70% to $456.98 And that Tuesday, the day before the submission of the accounts for the last quarter. Analysts and investors are confident in the semiconductor maker’s results, and expect revenue to exceed forecasts the company made three months ago.

“Expectations are getting too high,” Matt Malley of Miller Tabac warned, adding that the higher they are, the harder they are to beat. “As bond yields continue to rise, it will be imperative for Nvidia to report impressive results and guidance,” he said.

The presentation of the accounts by Nvidia and the speech of the President of the Federal Reserve of the United States of America, Jerome Powell, on Friday are among the most anticipated moments for investors this week. As far as the US central bank chief is concerned, his words are expected to provide clues about the next steps the Fed will take in terms of monetary policy. And this comes at a time when the market is already beginning to consider that interest rates will remain high for a longer period.