Major US stock indices are mixed in early trading on Monday. Stocks in the technology sector stand out on the New York floor, after having suffered strong pressure this month due to bets on the Federal Reserve, in a hectic beginning of the year.
The index Nasdaq of high technology component leads the gains with an advance of 1.79% to 14,016.55 points. In January, it entered into a correction with a fall of more than 10% compared to its record. The S&P 500 earns 0.64% at 4,460.09 units and the Dow Jones Industrial loses -0.03% to 34,714.46 units.
It has been a month of high turmoil in the US stock market, with the S&P 500 down 6.50% from the December close; the Dow Jones, 4.50% and the Nasdaq, 10.50%, the historical mark for its worst start to the year, at a time when investors move away from stocks that have high valuations.
Investors, however, are already eyeing the possibility of restarting purchases, reflecting some major stocks. “After Friday’s bullish close, we can move into some consolidation zone [en el S&P 500], given the level of overselling reached,” said Javier Molina, an analyst at the eToro platform.
Investors steered away from risky assets in January as the market feared a tightening of monetary policy in the United States. The tensions in Ukraine and Russia and the nervousness about the Omicron variant of Covid-19 were also two important factors in this downward pressure.