Wall Street investors are holding back – Nasdaq is gaining, doubts about Fed interest rate cuts are growing

Wall Street investors are holding back – Nasdaq is gaining, doubts about Fed interest rate cuts are growing

According to a report by www.n-tv.de, investors on Wall Street are holding back. Doubts are growing that the Fed is in a particular hurry to cut interest rates. Investors are awaiting more insight from inflation data due to be released later this week. The Dow Jones index closed 0.4 percent lower, while the Nasdaq rose 0.1 percent.

The market is eagerly awaiting the release of US inflation data for clues on the Fed's future interest rate path. The US balance sheet season is also approaching with the business figures of important banks, which investors are following closely. These factors cause some hesitation among investors, which leads to cautious activity in the stock market.

Oil prices rose around two percent, mainly due to risks in the Middle East and the closure of the key Sharara field in Libya. This has pushed concerns about demand into the background for the time being.

Individual companies like Juniper Networks and Tesla have seen strong price movements. Juniper Networks saw its share price jump almost 22 percent, while Tesla came under pressure due to lower estimates for the range of its vehicles.

Boeing shares fell on concerns about Alaska Airlines' severe shortage of a Boeing 737 MAX aircraft. This incident caused Boeing shares to fall by up to 2.5 percent.

In summary, investor reluctance remains on Wall Street as they continue to wait for key data and metrics to plan their next moves. The inflation data and the upcoming accounting season will have a significant influence on further developments.