Wall Street down but Dow passes 40,000 points during session
The New York Stock Exchange closed lower today, after its three emblematic indexes had all closed at a record level the day before, despite the stock market environment being favorably oriented.
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Economia Wall Street
The final results of the session indicate that the selective Dow Jones Industrial Average closed down 0.10%, after having exceeded the symbolic threshold of 40,000 points for the first time in its history during the day.
The broad S&P500 fell 0.21% and the technological Nasdaq 0.26%.
"We had the right to a strong movement on Wednesday, after a series of information likely to be received by the Federal Reserve (Fed), the US central bank, such as the decelerating consumer price index and below-expected retail sales, highlighted Angelo Kourkafas, from Edward Jones.
"Today, there was no relevant catalyst and, at these historical levels, it was healthy for the indices to pause," he added.
The indicators released today confirmed the thesis of a US economy slowing down.
Industrial production remained stable, in monthly terms, when economists expected an advance of 0.1%.
Then, the industrial activity index for the Philadelphia region stalled, falling from 15.5 points in April to 4.5 now.
And new home building permits in April fell to their lowest level since December 2022.
Despite increasingly clear signs of a deteriorating economic situation, "investors continue to see any indicator pointing to an economic slowdown as positive," said Kourkafas. "Because they see more reasons for the Fed to lower its interest rate this year."
Read Also: Wall Street stock market trades mixed at the start of the session (Portuguese version)
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