The Dow Jones Industrial Index ended up dropping 1.07% to 36,407.11 points. During the session, he even played at a level never reached before, at 36,952.65 points, but he ended up running out of breath.
The Standard & Poor’s 500 retreated 1.94% to 4,700.58 points. In the intraday trading yesterday it reached the highest value ever, at 4,818.62 points.
For its part, the technological Nasdaq Composite sank 3.34% to settle at 15,100.17 points. In the session last November 22, remember, it reached an all-time high at 16,212.23 points.
The minutes of the last meeting of the US Federal Reserve, released today, revealed that members of the central bank raise the possibility of starting to raise interest rates earlier than expected and at a faster rate. The first increase could be in March.
In addition, Fed members were in favor of reducing their balance sheet sooner than anticipated.
This tightening of the central bank’s monetary policy has raised interest rates on the debt. Yields on 10-year US Treasuries rose to highs in May last year at 1.703%.
At the same time, the Wall Street stock exchanges accentuated losses, especially in the technology sector – as the rise in sovereign debt interest rates intensifies fears about the sector’s growth and profitability.
Source: Jornal de Negócios by www.jornaldenegocios.pt.
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