Wall Street closed with notable losses on Wednesday, led by the Nasdaq, after a mixed signal on Tuesday, in a market focused on business results and the profitability of securities, which are trading higher and stocks are under pressure with expectations of higher interest rate cuts from the Federal Reserve (Reserve Fed) decline.
The New York Stock Exchange ended Wednesday's session in negative territory, with particular focus on the Nasdaq index, which lost more than 1.50%.
Thus, the Dow Jones index lost 0.96% to 42,514.95 points, the Standard & Poor's 500 index fell 0.92% to 5,797.60 points, and the Nasdaq technology index lost 1.59% to 18,277.41 points.
Wall Street closed Wednesday with notable losses, Led by the Nasdaq, after a mixed signal on Tuesday, in a market focused on business results and stock profitability, which is trading higher and keeping stocks under pressure, amid low expectations of an interest rate cut by the Federal Reserve. (Federal Reserve Bank).
Experts confirm that behind this rise in revenues is the strength of the US economy and deficit fears, especially in light of the approaching US elections.
On the business front, Starbucks stock turned around and rose 0.86%, despite disappointing sales and withdrawn forecasts for fiscal 2025.
Today was Tesla's earnings day. The electric car maker reported earnings of $2.505 billion in the third quarter, beating analysts' estimates. But revenues were lower than expectations at 25.182 billion. Shares fell 1.98%.
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