Wall Street in the red: Investors take profits!

Investors on US stock markets are currently showing a tendency to take profits. This comes after the S&P 500's longest winning streak in over two decades. According to reports from finance.net The US stock exchanges fell again after a strong price trend before last weekend. The Dow Jones opened on Monday with a loss of 0.35 percent and started at 41,173.38 points. The S&P 500 initially fell 0.55 percent to 5,655.32 points, while the NASDAQ Composite began with a loss of 0.89 percent to 17,817.01 points.

The positive news in the trade dispute has already largely been priced in. US President Donald Trump and his advisors are currently showing less concern about the economic situation, which could potentially lead to a more aggressive stance in the customs dispute. The focus is also on the two-day meeting of the US Federal Reserve, which begins on Tuesday. The Fed's interest rate decision is expected mid-week and anything other than confirmation could be seen as a surprise. Analyst Peter Sidorov from Deutsche Bank expects the Fed to keep interest rates stable.

Current market developments

Additionally analyzed finanzen.at developments on Wall Street. This analysis also notes that investors tend to take profits after the S&P 500's long winning streak. The Dow Jones Index rose 0.3 percent to 41,436 points, while the S&P 500 and the Nasdaq Composite fell 0.2 and 0.5 percent respectively. The US Federal Reserve meeting begins on Tuesday and the interest rate decision is also expected in the middle of the week.

Trump recently called for interest rate cuts and threatened to fire Fed Chairman Jerome Powell, but later backtracked. The ISM services sector index exceeded expectations and now shows its tenth consecutive expansion. Additionally, 10-year yields rose to 4.35 percent while the dollar index pared losses but remains 0.2 percent lower. Oil prices developed negatively, falling by up to 2.9 percent, which can be attributed to increased production by Opec+. In contrast, gold prices rose 2.1 percent due to dollar weakness.

Netflix shares fell 1.7 percent as Trump plans 100 percent tariffs on foreign film productions. Biontech posted a larger loss in the first quarter, causing shares to fall 2.3 percent. Tyson Foods fell 7.8 percent after reporting disappointing second-quarter sales. Market analysts expect the Fed to keep interest rates on hold, which is expected to offer little support to the dollar.