Wall Street closed in the green but profits did not compensate for the fall in January, the worst month in almost two years

Stockbrokers work on Wall Street in New York (EFE/Justin Lane)

Stock prices rose on the New York Stock Exchange on Monday, but the market ended January with its worst performance since the start of the pandemic.

The S&P 500 rose 1.9%. However, it is still down 6% since setting a record exactly four weeks ago and is on track to lose 5.4% this month. It would be its worst drop since 12% in March 2020, when it bottomed out after the pandemic brought the global economy to a sudden halt.

The Dow Jones Industrial Average rose 1.2%, having erased an earlier loss, and the Nasdaq Composite rose 3.4%.

The trend occurs at a time when investors are moving your money in anticipation of rising interest rates in the United States.

The Federal Reserve has indicated that will stop providing the massive boost it has been giving to the economy, in order to keep inflationary pressures at bay.

Developing

(With AP information)



Reference-www.infobae.com

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