The three main indices of Wall Street They operate in negative territory this Monday morning. The losses are caused by negative quarterly reports, which hit the market’s mood at the beginning of a week in which it awaits data on inflation clue.
The leading index Dow Jonesmade up of the shares of 30 industrial giants, yielded 0.29% to a level of 33,576.03 points, while the S&P 500 of 500 components falls 0.11% to 4,131.67 points. He nasdaq technology loses 0.21% to 12,209.71 points.
The main decline in companies in the S&P 500 sample is that of catalent, which plummet 26 percent. The contract drugmaker’s quarterly numbers included lower-than-expected revenue and profit.
Tyson Foodsthe second largest processor and marketer of chicken, beef and pork in the world, lost 12.3% after posting unexpected losses in the second quarter and cutting its revenue forecasts for the year due to lower prices.
These falls overshadowed the strong advances of regional banks, which were led by PacWest Bancorp, with a 20% jump after its announcement of a dividend cut to increase capital. The rest of the regional banks accompanied the rise.
Investors expect inflation data to be released this week (Wednesday). After the Federal Reserve’s 25 basis point increase in interest rates last week, they await clues about a possible pause in the cycle of increases.
With information from Reuters
