The shares fell on Monday, because the markets were cooled after the winning beginning of August.
The traders awaited the key results in retail and the annual speech of the President of the President of the Jerome Powell in the summit of the Central Bank in the Jackson Hole.
Dow Jones Industrial Average fell for 30 points, ie 0.1%. S & P 500 added almost 0.1%, while Nasdaq Composite kept close to positive zero.
Stocks of target and Microsoft fell by about 2.5% and 1%, pulling down the wider market.
Investors will analyze the financial results of large retailers this week, including Home Depot, Lowe’s, Walmart and Target, to get indication of American consumers’ health. Concerns about elevated assessments, customs and moderate growth of jobs remain the main topic for market participants in the eve of the second half of the year, SEEbiz reports.
“The salaries of traders this week is likely to reflect the concern, the increase in inflation and the expected slowdown of the economy,” said the SCOTT FARGO INVESTMENT INSTITUTE, adding to the last week “probably stop” as a result.
The Fed will also continue to be in the focus this week, while members of the Central Bank are traveling to Jackson Hole in Wyoming on the Annual Symposium on Economic Policy. Investors will follow the event to get indications of future interest rate movement. Futures Feds Feds include almost 85% probability that the Central Bank will reduce interest rates at the next policy in September, according to the FEDWATCH CME tool.
The three main average come from another consecutive positive week, which also marked the fourth week of growth from the last five for S & P 500 and NASDAQ. The shares of small market capitalization surpassed last week because the investors bet on the upcoming reduction in interest rates.
