(News Bulletin 247) – Caution prevailed on Wall Street on Tuesday, on the eve of the publication of the highly anticipated inflation figures: the Dow Jones fell by nearly 0.2% to 33,562 points, while the Nasdaq Composite lost more than 0.6% at 12180 points.
After the much higher than expected employment figures last Friday, which removed the specter of a recession in the United States, the consumer price index (CPI), to be published on Wednesday, could encourage the Fed to revise its rate expectations.
With the Federal Reserve paying close attention to the CPI, and especially housing cost developments, stronger than expected data could open the door to a possible June rate hike of around 25 basis points. .
Markets also seemed increasingly concerned about the debt ceiling, with neither Democrats nor Republicans having yet presented a solution likely to get a raise to avoid a Treasury default on June 1. .
On the stock side, Boeing rose 2.3% after securing an order from Ryanair, the largest in the Irish company’s history, for 150 737-10 aircraft and options for 150 others.
Regarding the publications of the results of the session, was acclaimed that of Palantir (+ 23.4%), but were heavily sanctioned those of Air Products (-5.3%), Under Armor (-5.7%) , Warner Music (-9.6%) and PayPal (-12.7%).
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