Wall Street indices trade mixed; Nasdaq falls

The stock indices of the US market have mixed behavior this Monday. The prices in Wall Street they move without a clear direction, although with a slight positive bias, in the midst of a season of satisfactory quarterly reports.

main index Dow Jones, made up of the shares of 30 industrial giants, gains 0.86% and stands at 31,350.61 units. The S&P 500, of 500 components, moves 0.47% to 3,770.44 points. The Nasdaq technological falls 0.31% to 10,826.09 points.

“The Nasdaq falls because the consolidation of Xi Jinping’s power at the 20th National Congress of the Communist Party of China made the markets fear that more blows are coming against the big Chinese companies. Several of them are listed on Nasdaq,” explained eToro.

In the negotiations there is also the hope of a moderation of the rate hikes by the Federal Reserve. Comments from some central bank officials have raised questions about the scale of his next move.

Most S&P sectors are trading higher, led by healthcare, essential goods and utilities companies. In the Dow Jones 23 of the values ​​advance. Verizon (2.74%) y Amgen (2.70%) lead the gains.

“We think the Fed meeting (in November) could be a positive turning point because it will signal that some members are rethinking their ultra-aggressive stance,” said Jay Hatfield, chief executive of Infrastructure Capital Management.

jose.rivera@eleconomista.mx