Wall Street closed with losses – In the technology sector the biggest pressures


In negative ground Wall Street ended Wednesday’s session having, however, pared losses in the final hour of trading as investors weighed corporate results.

The biggest pressures came from the technology sector, after the results of Microsoft. In particular, the Nasdaq was found to fall even 2.34% during the day, to close with a fall of 0.18% at 11,313 points. The barometer S&P 500 edged down 0.02% to 4,016 points. For its part, the industrial index, at the end of trading time, returned to positive territory, to close with marginal gains of 0.03% or 9 points, at 33,743 points.

At the center of pressure was Microsoft, which fell 0.59%, having fallen as much as 3.9%, after the decision to review future profitability in hand. After intra-session losses of 1.6% as figures came in lower than expected, Boeing managed to close with gains of 0.33%.

The flow of publishing company announcements will continue in the coming days. However, the data so far are not entirely satisfactory, maintaining the recession scenario in the American economy.

At the same time, attention is also on the Fed, which on February 1 intends to slow the pace of tightening and raise interest rates by just 25 basis points as inflation continues to show signs of easing (6.5% in December ).

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