Wall Street closes in red and the Dow Jones falls 0.31% pending the Fed

Wall Street closed this Tuesday in red and its main indicator, the Dow Jones Industrial Average, fell 0.31% in another day waiting for the US Federal Reserve to rule on interest rates on Wednesday.

At the end of trading on the New York Stock Exchange, the Dow Jones stood at 34,517.7 points, while the selective S&P 500 fell 0.22% to 4,443.9 points.

The Nasdaq composite market index, which groups together technology companies, fell 0.23%, to 13,678.2 units.

The markets are awaiting the US central bank’s decision on interest rates, which will be announced on Wednesday, and everything indicates that it will dictate a pause in the upward trajectory despite the recent rebound in inflation.

Investors will also analyze Fed Chairman Jerome Powell’s speech on the economy and the future of monetary policy, in which some analysts predict further interest rate hikes that they fear could lead to a recession.

By sector, losses predominated and were led by energy companies (-0.83%) and non-essential goods (-0.65%), compared to the slight gains of health companies (0.1%).

Among the 30 companies in the Dow Jones, Intel’s fall of 4.32% stood out, after announcing in a statement several new developments in artificial intelligence aimed at developers.

He also highlighted the 3.6% decline of Disney, which disclosed its plans to invest some $60 billion in its theme parks and cruises over the next 10 years, double the previous decade.

In other markets, Texas oil fell to $91.20 per barrel, and at the close of trading the 10-year bond fell to 4.367%, gold rose to $1,952.3 per ounce and the dollar gained ground against the euro, with an exchange rate of 1.0677.