The New York Stock Exchange erased gains of up to 1% recorded after the announcement by the US central bank.
Wall Street saw strong volatility and closed lower after the decision the Federal Reserve lower interest rates in 50 basis pointsInvestors and analysts maintain the division that existed before the announcement of the American central bank, because for some it is too big a reduction, but others consider it ideal to avoid a recession.
Seema Shah, head of global strategy at Principal Asset Management, believes that The stock markets “will celebrate” this decline silver prices in the coming months, as it takes place in a favorable economic environment. However, the majority of analysts who spoke after the Fed meeting doubt the approach taken by the institution.
“The Fed wants to start a cycle of rate cuts without starting to inflate an asset bubble, but by cutting rates by 50 basis points. It might have been a little too aggressive.. “There aren't many signs of a slowdown in the economy in the most recent numbers,” warns Scott Helfstein, chief investment strategist at Global X.
“Unemployment may have increased, but We are not seeing any major layoffs.. My criticism of the Fed is its short-sighted focus on backward-looking data. “One weak jobs report and we’re in,” said Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments.
After being the index that increased the most during the day, the Nasdaq It erased its 1% gains and fell by 0.31% to 17,573 points.
Among the big technology companies, Apple stood out clearly by progressing by 1.80%, but Microsoft And Nvidia They fell by 1% and 1.88% respectively. Aim And Alphabet closed slightly higher, compared to the 0.24% decline in Amazon.
He Dow Jones It closed at 41,503 points after losing 0.25%. Apple, Walt Disney and Walmart led the advances in the selection, while Intel, Honeywell and American Express were the most punished values of the day. S&P500 showed a very similar behavior and fell by 0.29%, to 5,618 points.
He Russel 2000 escaped the red and gained 0.04%, a gain that could widen over time, according to Lamar Villere, manager of Villere & Co, who argues that the 50 basis point rate cut will boost small-cap stocks.