Wall Street: No direction with marginal fluctuations

Wall Street: No direction with marginal fluctuations

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Fifth consecutive record for the technology index in the current session on Wall Street while the Dow Jones and S&P 500 moved slightly lower.

In the charts, the Dow Jones fell by 0.15% to 38,589 points, the S&P 500 failed to hold its record and fell slightly by 0.04% to 5,431 points, while the Nasdaq managed to resist and with a little an increase of 0.12% it reached 17,688 units which is a new high.

Mixed signs are also repeated every week. The Nasdaq posted a solid gain of 2.7% and the S&P 500 added 1.3% as both indexes set four new record highs for the week, while the Dow moved into negative territory. after a four-day losing streak that kept it all out. -time high above 40,000 points in May.

In today’s macro news, US consumer confidence worsened in June as households worried about inflation and their incomes. Specifically, the index fell to 65.6 points from 69.1 in May, while analysts polled by Reuters expected a rise to 72 points.

Meanwhile, the cost of imported goods fell sharply in the US in May, reinforcing recent signs that inflation may be slowing. The import price index fell 0.4% last month. Analysts polled by Wall Street expect the index to be unchanged.

Meanwhile, US Treasury yields followed a one-day downward trajectory as the 10-year fell two basis points to 4.22% and the 2-year fell one basis point to 4.70%.

In commodity markets, Brent crude rose 0.2% to $82.90 a barrel and WTI crude rose 0.1% to $78.73. As a result, the price of gold rose higher by 1.3% to $2,348/oz.

In the foreign exchange market, the dollar rose 0.3% against the euro to $1.0698.

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