(Reuters) – The New York Stock Exchange finished in dispersed order on Wednesday, investors who decided to sell certain shares in the technological sector before the Federal Reserve Symposium (Fed) in Jackson Hole.

The Dow Jones index won 0.11%, or 50.39 points, at 44,982.74 points.

The wider S&P-500 lost 9.48 points, or 0.13% to 6,402.74 points.

The Nasdaq Composite fell for its part of 118.36 points, or 0.55% to 21,196,593 points.

The technological values, which largely contributed to the recovery after the retreat of Wall Street in April, retreat. The new S & P500 technologies index was downwards while the energy, health and current consumer goods sectors were increasing.

“By taking a step back, we see that it is more a rotation than a real liquidation,” said Bryant Van Cronkhite, portfolio manager at Allspring. “Technological valuations seem high in the current context of excessive spending. I would add that there are many market segments which seem very attractive from the point of view of valuations and which have been widely ignored.”

Some investors are also concerned about interference from the United States government in the private sector. Two sources said on Tuesday that the United States Secretary of Commerce, Howard Lunick, was studying the possibility that the government is participating in the capital of semiconductor manufacturers who are allocated federal aid to build factories in the United States.

NVIDIA, Advanced Micro Devices, Intel and Micron have all backed away.

The attention is also focused on the meeting of central bankers in Jackson Hole, which will be held from August 21 to 23.

The president of the FED Jerome Powell is expected to speak on Friday and his remarks will be scrutinized in order to obtain indications on monetary policy, even though investors anticipate a drop of 25 basic points of interest rates in September, according to data compiled by LSEG.

At the values, Target fell after appointing a new managing director and decided to maintain his annual forecasts.

Estee Lauder also fell back after having to provide an annual profit below the estimates of Wall Street, while the company is faced with the persistent weakness of the American and Chinese markets and the uncertainty of customs duties.

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(Carolina Mandl, in New York, Johann M Cherian and Sanchayaita Roy in Bangalore; Camille Raynaud)

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