The Dow fell more than 100 points on the day as investors watched the earnings of listed companies. And the Federal Reserve’s monetary policy meeting (Fed) this week.
As of 9:40 p.m. Thai time, the Dow Jones Industrial Average was 30,848.80, negative 148.18 points or 0.48%. However, the S&P 500 was 0.26%, while the Nasdaq rose 1.3% to a record high.
The market remains under pressure from concerns that President Joe Biden may have to cut the limits on the stimulus to be approved by Congress.
Many members of Congress, including Republicans and Democrats, have criticized. And questioned the necessity of President Biden’s $ 1.9 trillion stimulus package.
The stance by US members of Congress could pressure President Biden to reduce the amount of stimulus measures to be approved by the House of Representatives and the US Senate.
Investors are also concerned about the delays in the COVID-19 vaccination in the United States and the stock becoming expensive. After the surge in support of the US president Joe. Biden previously, with the S&P 500’s Forward P / E Ratio now approaching its highest during the 2000 dot com bubble.
Several of the big companies on Wall Street will report earnings this week, including Apple, Microsoft, Boeing, Netflix and Tesla.
The information says Among the companies in the S&P 500 that already posted 4Q20 results, 73% reported higher-than-expected revenue and profit figures.
The Fed will hold its meeting on Jan. 26-27, with analysts expecting the Fed to continue to hold interest rates at 0.00-0.25%, while markets watch the Fed continue to buy bonds following quantitative easing (QE). ) In the amount of $ 1.2 billion / month? Amid the spread of the COVID-19 virus in the US
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