Financial expert analyzes: 3M shares depress Dow - S&P 50 continues to climb, Nasdaq gains

Financial expert analyzes: 3M shares depress Dow - S&P 50 continues to climb, Nasdaq gains

According to a report by www.n-tv.de, continued the record hunt on Wall Street with the rise of the S&P 500 index, while the Dow Jones index fell due to the collapse of 3M shares. The conglomerate's profit forecast disappointed traders' expectations.

The mixed performance of US stock markets reflects the mixed results of companies' balance sheets. While the Dow Jones lost 0.3 percent to 37,905 points, the Nasdaq rose by 0.4 percent to 15,425 points. The broader S&P 500, however, gained 0.3 percent to 4,864 points. The S&P 50 index recorded its third record close in a row.

Analysts are cautiously optimistic about record-setting technology and chip sectors, as the unpredictable nature of the market creates uncertainty about possible interest rate cuts. The Fed is expected to wait until the second quarter to cut interest rates, according to a Reuters poll.

The fall of 3M shares by over eleven percent and other share results contributed to the mixed reactions on the stock market. While some companies posted profits, others disappointed with worse forecasts.

As a result, full-year profit forecasts and quarterly results were underlined, influencing the Dow Jones index, while stocks of other companies such as Procter & Gamble and Verizon received a positive reception.

These mixed reactions reflect ongoing uncertainty and volatility in the market, with investors continuing to await the Fed's next interest rate decision. Any further development should be carefully monitored to assess the potential impact on the market and the financial industry.