“Wall Street” oscillates, awaiting the results of major companies

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US stocks were slightly lower on Tuesday, ahead of the results of the most valuable companies in the market and the two-day meeting of the Federal Reserve.

The Dow Jones Industrial Average fell 65.41 points, or 0.19 percent, to 35078.90 points, the Standard & Poor’s 500 index fell by 5.92 points, or 0.13 percent, to record 4416.38 points, and the Nasdaq Composite Index fell 32.77 points, or 0.22 percent, to 14807.95 points.

European shares fell on Tuesday, as a sharp decline in Chinese shares and disappointing data on Reckitt Benckiser sales overshadowed strong results for companies such as LVMH.

The pan-European Stoxx 600 index fell 0.6 percent, extending losses for the second consecutive session, but remained just a few points below its all-time high.

Reckitt’s stock tumbled 9.2% after its quarterly sales missed analyst estimates due to lower demand for its soap and cold medicine products.

Global markets are falling this week on concerns about tighter Chinese restrictions on the technology sector, despite optimism about corporate earnings season in the US and Europe.

Dutch technology investment company Prosus fell 7.4%, to its lowest level since May 2020, due to losses in shares in Hong Kong and China.

But LVMH, the world’s largest luxury goods company, rose slightly after reporting higher sales and earnings.

Japanese

Japanese stocks rose on Tuesday, following the gains of the US market, as investors celebrated the companies’ results, but the Nikkei index did not succeed in closing above the psychologically important level of 28 thousand points for the second consecutive session.

As happened the day before yesterday, the benchmark index briefly rose above that level and then pared its gains before closing amid a state of caution ahead of the US Federal Reserve meeting this week, and the announcement of the results of more companies in the United States and Japan.

The Nikkei closed up 0.49% at 27,970.22 points. The index has not exceeded the level of 28 thousand at the close since July 16. The broader Topix index rose 0.64% to 1938.04 points.

In the US stock market, the three indexes of the Standard & Poor’s 500, Dow Jones and Nasdaq closed at record levels last night.

And outperformed stocks of companies linked to the economic recovery.

At the level of sectors in Tokyo, shares of airlines achieved the largest gains, with an increase of 3.29%, followed by non-ferrous metals, which rose by 2.09%, and iron and steel, with an increase of 1.74%. (Reuters)





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