Wall Street experiences a negative day after the Federal Reserve meeting and the data on unemployment in the United States.
The main factor behind the movement is the announcement by the central bank to raise interest rates again despite the increase in inflation in the country. Applications for unemployment benefits grew unexpectedly.
Wall Street is in mixed terrain this Thursday. Its main indicator, the Dow Jones Industrials, lost more than half a percentage point after the results of the United States Federal Reserve meeting that concluded yesterday and in reaction to new market data labor.
At 15:30 GMT, the Dow Jones was down 0.5% on the New York Stock Exchange, while the S&P 500 added 0.05%.
For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 1.09%.
The New York stock market was looking for direction first thing in the morning, oscillating between gains and losses after closing yesterday lower.
The main factor of movement is the Federal Reserve meeting, after which the central bank yesterday offered clues on its next steps.
The Fed did not take action but its president, Jerome Powell, said that talk has already begun about the future withdrawal of stimulus to the economy.
On the other hand, the central bank advanced its prospects to return to raising interest rates from 2024 to 2023, despite the marked increase in inflation in the US.
"The Fed wanted to take the opportunity of the current window and the strong momentum to send the signal that it is ready to normalize, but it will be a difficult exercise if they want to avoid another 'taper tantrum' (a tantrum from the markets)," he said Natixis analyst Florent Pochon.
The Fed projects a 7.0% increase in US GDP in 2021, up from 6.5% estimated in March. Inflation should reach 3.4% this year, compared to an estimate of 2.4% in March.
In addition, the weekly number of applications for unemployment benefit rose last week to 412,000, the first rise in this indicator since April, which has disappointed investors.
The majority of sectors retreated, starting with the company's basic materials (-0.84%) and financial (-0.45%), while the most significant gain was for technology (0.25%).
Among the thirty Dow Jones stocks, the falls of Caterpillar (-1.24%), Nike (-1.14%), and Dow Inc (-0.97%) stood out.
On the positive side, Salesforce (0.39%) and Visa (-0.27%) advanced significantly.
In other markets, Texas oil fell to $ 72.14 a barrel, the yield on the 10-year Treasury bond fell to 1.553%, gold rose to $ 1,788.20 an ounce, and the dollar gained ground against the euro, with a change of 1.1937.