The Dow Jones New York Stock Exchange closed Monday (Jan. 30), pressured by selling pressure in technology stocks and major corporate stocks. While investors are watching the Federal Reserve (Fed) meeting and earnings report of listed companies this week.
The Dow Jones Industrial Average closed at 33,717.09 points, down 260.99 points or -0.77%, the S&P 500 closed at 4,017.77 points, down 52.79 points or -1.30%, and the Nasdaq Index closed at 11,393.81 points, down 227.90 points or -1.96%.
Investors keep an eye on monetary policy meetings of the world’s three leading central banks this week. The Fed will announce the results of its meeting on Wednesday, February 1, US time. or in the early morning of Thursday, February 2, according to Thai time While most investors expect The Fed will raise interest rates by 0.25% at this meeting.
The European Central Bank (ECB) and the Bank of England (BoE) meet on Thursday February 2, with analysts and investors expecting the ECB and BoE to raise interest rates by 0.50% in this meeting
Ten of the 11 stocks included in the S&P 500 closed in the negative territory, led by energy shares plunging 2.29 percent and technology shares 1.94 percent, while consumer goods shares were up 0.07 percent.
As for tech stocks, they plummeted last night. Microsoft shares fell 2.2%, Apple shares fell 2.01%, Alphabet shares fell 2.45%, Meta Platform shares fell 3.08%, Advanced Micro Devices (AMD) shares. down 3.91%
Energy stocks fell following WTI crude fell more than 2%, with KonocoPhillips down 2.49%, ExxonMobil down 1.78%, and Chevron down 2.93%.
Ford Motor shares fell 2.94% following the company announced a car price cut.
Shares of Johnson & Johnson (J&J) fell 3.7% following reports that a federal court rejected J&J’s petition to use a bankruptcy filing to resolve the company’s multibillion-dollar lawsuit. dollar According to consumers, J&J baby powder products made with talc cause cancer. due to the contamination of asbestos which is a carcinogen
Investors keep an eye on earnings reports of major listed companies this week. These include Apple, Alphabet, McDonald’s and General Motors.
