Wall Street’s major indexes ended the first session of the week lower, with investors focused primarily on inflation and the impact of monetary policy tightening by central banks, specifically the Federal Reserve – which has already signaled further rate hikes. larger size.
The Dow Jones Industrial Average closed 1.19% lower to 34,308.08 points and the Nasdaq Technology Index fell 2.18% to 13,411.96 points.
The Standard & Poor’s 500 Index fell 1.69% to 4,412.53 points.
One factor influencing this was the additional rise in interest rates on US 10-year sovereign debt, which rose to 2.75% for the first time since March 2019. This is after the Federal Reserve signaled a more aggressive stance last week.
Market sentiment also continues to be affected by the war in Ukraine and the potential for an economic slowdown.
Investors are now preparing to start reporting season later this week, with big names in the US banking sector such as JP Morgan, Wells Fargo, Goldman Sachs and Morgan Stanley presenting their results on Wednesday and Thursday.