contributed strength retail sales In the United States and the statements of at least two officials Federal reserve I reconsidered my bet that the central bank would soon halt its monetary tightening as US stock prices fall.
The Standard & Poor’s 500 and the Nasdaq 100 fell after an official report revealed retail sales posted their highest increase in eight months in October, beating analysts’ expectations and indicating that l economy can handle another price hike. interest rates on Federal Reserve balances. Investor confidence was negatively impacted by the company’s financial results Target company which came out disappointing.
US retail sales posted the largest increase in eight months
Losses for the two indices narrowed after 4 a.m. New York time as a fresh batch of corporate earnings came in. registered companynvidia corpQuarterly sales beat analyst estimates, Inc. announced Cisco systems On optimistic expectations of increased revenues.
Raise interest rates
The market drop on Wednesday comes after it rose by a large percentage, supported by the numbers inflation In the United States, it was lower than expected and fueled hopes that the Federal Reserve could slow the pace of interest rate hikes. While some Federal Reserve officials have backed these expectations in recent days, they have also stressed the need to continue raising interest rates next year.
