Wednesday's session at Wall Street ended with a decrease in Dow Jones Industrial and the increases of S&P 500 and NASDAQ indexes, and the ups were led by technology companies, after the court's judgment favorable to Alphabet. However, investors' fears of economic slowdown do not cease.
Dow Jones Industrial at the closure fell by 0.05 percent and amounted to 45,271.23 points S&P 500 at the end of the day increased by 0.51 percent and amounted to 6,448.26 points Nasdaq Composite increased by 1.03 percent Up to 21,497.73 points The index of companies with medium capitalization Russell 2000 drops by 0.09 percent. up to 2,349.98 points The VIX index drops by 4.78 percent up to 16.35 points
Wednesday's reflection mainly concerned the technology sector, while the indoor was recorded by a slight decline. The shares of energy companies and banks behaved worse in connection with persistent fears of economic slowdown and an increase in bond yield.
September at Wall Street began with declines and historically it is a poor month for American actions.
Scott Wren, a senior strategist at the Wells Fargo Investment Institute, said that September is the worst month for the S&P 500 index from 1950, with an average return of -0.7 percent. He added that variability on markets should increase, with a slow economy, gradually emerging effects of duties and maintaining political uncertainty.
The center of investors' attention on Wednesday was Alphabet shares, which increased by more than 9 percent. After the American judge issued the opposite decision regarding the division of Google-Matthens as part of the antitrust procedure, which softened serious regulatory restrictions on the technological giant.
– This result removes a significant legal problem And he signals that the court is willing to use pragmatic solutions instead of tactics of burned earth, “said Matt Britzman, a senior own capital analyst at Hargreaves Lansdown.
Alphabet decision also means that Apple can still pre -installation Google search engine on its iPhones, which is a lucrative solution for Apple. A company that also goes on an antitrust case has gained almost 4 percent. Thanks to Wednesday's increases, the capitalization of Alphabet increased by over 230 billion USD, and Apple by approx. USD 130 billion.
– Market participants returned to work today and realized that in fact bull's perspectives remain virtually intact. The increase in profits is still solid, economic growth turns out to be resistant, and the global direction of monetary policy is still heading towards looser politics, because commercial tensions also calm down – said Michael Brown, a senior research strategist in Pepperstone.
Mark Mahaney from Evercore ISI believes that the valuation of Alphabet shares remains very attractive, and the company will improve the company's financial results, among others Growing revenues from YouTube and Google Cloud and Waymo expansion.
Macy's shares increased by over 20 percent. After the retail seller published better than expected results for the second quarter and raised forecasts for the whole year. Healthequity shares increased by 7.5 percent After better results in the second quarter. Brukter's quotations lost over 11 percent after the sale of shares.
According to the CME Group Fedwatch tool, markets value around 92 % A chance to reduce interest rates by 25 pb. At the Federal Reserve meeting at the end of this month.
According to Wolfe Research, if investors' expectations regarding artificial intelligence expenditure remain high, the market should record increases after a typical weaker September.
“However, these expectations can have both positive and negative effects, because expenditure on AI is a key risk factor at 2026.” – says Chris Senyek, strateg Wolfe Research.
Investors are waiting for the August Payrolls from the American labor market this week. According to the survey conducted by the Reuters agency in August, the number of jobs outside agriculture in the US increased by 78 thousand. In view of the increase of 73 thousand a month ago.
The Statistics Office of the American Department of Labor said that the number of unhota jobs in the US, according to the Jolts survey, in July amounted to 7.181 million against 7.357 million recorded a month earlier, after correction. It was expected that the number of free jobs would be 7.382 million.
The number of free jobs has fallen to a level rare from the pandemic time, which increased concerns about cooling down in the labor market.
“This is a turning point for the labor market. It shows how frozen is and how difficult it is to find employment now,” says Heather Long from Navy Federal Credit Union.
The Mortgage Banks Association (MBA) said that in the US a decrease in the index of applications for MBA mortgage applications was recorded – the seasonal index fell by 1.2 percent. in the week ended on August 29.
The Trade Department announced that orders in the American industry in July fell by 1.3 percent. MDM. Analysts estimated that orders would fall by 1.3 percent. MDM. Orders for permanent goods in the US in July fell by 2.8 percent. MDM due to a decline in June by 9.4 percent MDM. A decrease of 2.8 percent was initially estimated. MDM.
On the Oil market, contracts for WTI in October reduce by 2.47 percent. up to USD 63.97 per barrel, and November Futures on Brent Futures fall by 2.27 percent. up to 67.57 USD/B. (PAP Biznes)
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