by Shreyashi Sanyal, Shristi Achar A and Carolina Mandl
(Reuters) – The New York Stock Exchange ended in disarray on Monday after a session without clear direction during which investors digested the disappointing results of Tyson Foods and Catalent, keeping in mind above all the US inflation data due this week.
The Dow Jones index fell 0.17%, or 55.69 points, to 33,618.69 points.
The broader S&P-500 gained 1.87 points, or 0.05%, to 4,138.12 points.
The Nasdaq Composite advanced for its part by 21.50 points (0.18%) to 12,256.92 points.
After a sharp rebound during the previous session on Friday, the main Wall Street indices were little changed, amid caution two days before the publication by the US Department of Labor of the monthly report on consumer prices, which should accelerated in April.
Other data are also expected this week, including producer prices and consumer confidence.
Investors intend to evaluate this data for clues about the effectiveness of monetary tightening by the US Federal Reserve (Fed) in the face of inflation and a possible recession.
“When you have a big up day, you need more good news to keep the market up on consecutive days,” commented Moez Kassam, portfolio manager at Anson Funds, referring to Friday’s session back to back. publication of data that highlighted the resilience of the labor market.
Between disappointing results from Tyson Foods and Catalent, and the short-lived rebound in US regional bank stocks, Wall Street was left without a clear direction.
Tyson Foods and Catalent plunged 16.41% and 25.74% respectively after lowering their full-year guidance.
( Jean Terzian)
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