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Wall Street in scattered order on the eve of US inflation

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(New York) The New York Stock Exchange was mixed on Tuesday after the opening, awaiting data later in the week on the evolution of inflation in the United States which will influence the monetary policy of the central bank.

The Dow Jones Index gained 0.34% and the S

The day before, the Dow Jones rose 0.62% to 34,262 points, the tech-dominated NASDAQ index gained 0.18% to 15,226.25 points and the broader S index

On Wednesday, the US government will release the CPI consumer price index for June which is expected at 0.3% for the month and 3.1% against 4% year-over-year, a significant slowdown.

On Thursday, investors will also be watching producer prices. There will also be the publication of the Beige Book, the last economic report concocted by the regional offices of the Fed before the next monetary meeting on July 25 and 26.

Markets are now confident that the Fed will indeed raise its key rate by a quarter point on July 26, despite its pause during the previous meeting, noted Art Hogan of B. Riley Wealth Management.

They are more undecided about what the Federal Reserve will do next. “There is a 92.4% chance of a rate hike in July and a 22% chance of another in September,” according to calculations on futures products, the analyst noted.

No less than three Fed officials spoke on Monday to stress that the central bank “still has work to do” to curb inflation, in the words of Fed Vice Chairman Michael Barr.

In the second half of the week, the results season begins with the banks JPMorgan, Citigroup, Wells Fargo, the investment fund BlackRock, but also Pepsico and the airline company Delta.

On the stock market, the Amazon title climbed 1.10% around 9:40 a.m. (Eastern time) as Amazon Prime began its two days of annual sales.

Meta lost 0.72%. The parent company of Facebook and Instagram has just launched the Threads messaging thread to compete with Twitter, taken over last October by Elon Musk, boss of Tesla.

The airline JetBlue Airways lost 1.13% to 9.16 dollars after a downgrade from analysts while the title climbed sharply recently after abandoning its alliance with American Airlines to focus on its possible takeover of Spirit.

The real estate site Zillow jumped 6.48% to 51 dollars after a favorable analyst opinion.

The diversified group 3m gained 3.15%, also favorably rated by analysts.

On the bond market, yields on Treasury bills were stable at 3.98% for those at ten years against 3.99% the day before.

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