PARIS (Reuters) – American stock markets opened lower on Wednesday on Wall Street, with investors worried about the tightening of the situation in the Middle East, while numerous interventions by monetary policy officials from the Federal Reserve encourage caution .
In early trading, the Dow Jones index lost 44.96 points, or 0.13% to 33,952.69 points and the broader Standard & Poor’s 500 fell 0.46% to 4,353.75 points. The Nasdaq Composite lost 0.70% or 95.17 points, to 13,438.578.
The strike on a Gaza hospital on Tuesday reignited tensions in the Middle East, with Iran and Hezbollah threatening Israel with retaliation despite American military protection, which has ships in the area. A summit between the countries of the region and the United States, intended to contain the extension of the conflict, was also canceled by Jordan after the bombing, which pushed oil upwards.
Geopolitical concerns add to the wait-and-see attitude of the markets, which are preparing for a series of central bank decisions over the coming weeks, including the Federal Reserve on November 1st.
On Wednesday, six members of the board of governors will speak before the release of the Fed’s Beige Book, supporting its monetary policy, while Fed Chairman Jerome Powell will speak later in the day.
In terms of values, Nvidia loses 3.18%, while investors are worried about the restrictions on the export of chips that the United States intends to put in place
(Written by Corentin Chappron, edited by Kate Entringer)
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