Wall Street is in the red and returns are getting worse between Powell and Xi

Wall Street ended the session in negative territory, on a day when it also recorded “selling” in the bond market.

The Dow Jones Industrial Average put up 0.84% ​​to 34,473.90 point, instead Standard & Poor’s 500 (S&P 500) decreased by 0.78% 4,370.13 points.

The Nasdaq Technology Index lost 1.17% to 13,316.93 points.

In the debt market, the “yield” of US 10-year bonds closed near the highs of 2007.

The movement occurs one day after the minutes of the last meeting of the US Federal Reserve (Fed) indicated that monetary policy will be maintained.

In addition to the minutes, investors remain alert to the signals that macroeconomic data is giving. This week’s data was not like that [aos investidores] There’s no reason to let your guard down, argues Mike Lowengart, director of Morgan Stanley’s global investment office.

For the expert, “data on home construction, retail sales and jobless claims reinforce the picture of a strong economy,” so another hike in interest rates should not be ruled out.

Now, investors are preparing for the Monetary Authority Symposium led by Jerome Powell in Jackson Hole, scheduled for August 24-26.

Marking feeling was still The growing wave of pessimism surrounding the country’s real estate market and the economy in general.

Investors are watching Cisco Systems shares, which rose 3.34% after the company’s guidance for the year eased analyst concerns about a possible slowdown in sales.

On the other hand, Farfetch shares fell, led by the Portuguese José Neves, by 1.65%, moments before the luxury fashion seller presented its quarterly accounts.