Wall Street was slightly lower in the session on Monday (17/8), at the start of a week with fewer meetings due to the celebration of Independence Day on Wednesday.
THE Dow Jones down 0.30% to 38,472.03, the S&P 500 lost 0.12% to 5,425.13, while the Nasdaq Composite fell 0.07% to 17,675.89.
The major indexes were mixed last week, with the Dow Jones ending its third week of losses in four weeks, while the S&P and Nasdaq climbed to new record highs and marked their seventh week of losses. victory in the past eight.
This week, the rally was tested as ‘cracks’ appeared in the market outlook.
As Shannon Saccocia of NB Private told CNBC, this year, two themes have dominated the markets. “One is the issue of Artificial Intelligence and the other is the idea of ​​manufacturing, reshoring and continued strong economic growth.”
“We’re seeing a little bit of weak economic data, and maybe that’s a sign that the acceleration of manufacturing and manufacturing is moving more slowly than AI,” he added.
Retail sales data is expected on Tuesday, while home sales and housing starts data will be released later in the week. Also expected to report quarterly results are Lennar, Kroger, Darden Restaurants and CarMax.