US stock exchanges play it safe: Intel news and the Fed's interest rate decision weigh on the Dow Jones and S&P 500. Visa and American Express with contrasting developments.
Investors on the US stock exchanges ultimately played it safe on Friday. After new records and before the US Federal Reserve's interest rate decision next week, the willingness to buy waned, which was already limited given the disappointing Intel news. After setting another record, the Dow Jones Industrial gave up some of its gains and closed 0.16 percent higher at 38,109 points. On a weekly basis, it achieved an increase of around 0.6 percent. The S&P 500, which had also climbed to a record, turned negative and ended the weekend 0.07 percent lower at 4,891 points. The Nasdaq 100 lost…

US stock exchanges play it safe: Intel news and the Fed's interest rate decision weigh on the Dow Jones and S&P 500. Visa and American Express with contrasting developments.
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With material from dpaAFX.
According to a report by www.deraktionaer.de There have been some movements on the US stock exchanges. After setting another record, the Dow Jones Industrial gave up some of its gains and closed 0.16 percent higher at 38,109 points. The S&P 500 and Nasdaq 100 also posted losses on disappointing Intel news.
Both Intel and other chip companies such as KLA, Applied Materials, Micron, Microchip and Qualcomm posted clear price losses. The financial sector was also hit, as Visa reported disappointing quarterly revenue and shares fell 1.7 percent. In contrast, American Express was up 7.1 percent on the back of exceeding its 2024 profit forecast. T-Mobile US was down 0.3 percent and shares of Spirit Airlines fell 13.4 percent.
Developments on US stock markets indicate some uncertainty surrounding Intel and other companies, which has led to a decline in prices in the technology and chip sectors. This could have an impact on the entire technology market as well as consumers as the prices of electronic devices could increase. Visa's decline and T-Mobile US's mixed results point to potential challenges in the financial and telecommunications sectors. It remains to be seen how the developments will affect the affected industries in the coming weeks.
Read the source article at www.deraktionaer.de