The New York Dow Jones Stock Exchange closed on Monday (January 30), weighed down by heavy selling in technology stocks and large corporate stocks. While investors watch the Federal Reserve (Fed) meeting and the earnings report of listed companies this week.
The Dow Jones Industrial Average closed at 33,717.09 points, down 260.99 points or -0.77%, the S&P 500 closed at 4,017.77 points, down 52.79 points or -1.30%, and the Nasdaq Index closed at 11,393.221 points, down 11,393.221 points, or – 0.89%. .
Investors are keeping an eye on the monetary policy meetings of the world’s three leading central banks this week. The Fed will announce the results of its meeting on Wednesday, February 1, US time. or early Thursday, February 2, according to Thai time Although most investors expect the Fed will raise interest rates by 0.25% at this meeting.
The European Central Bank (ECB) and the Bank of England (BoE) meet on Thursday February 2, with analysts and investors expecting the ECB and BoE to raise interest rates by 0.50% at this meeting.
Ten of the 11 stocks included in the S&P 500 closed in negative territory, led by energy shares plunging 2.29 percent and technology shares 1.94 percent, while consumer staples shares were up 0.07 percent.
As for tech stocks, they took a dive last night. Microsoft shares fell 2.2%, Apple shares fell 2.01%, Alphabet shares fell 2.45%, Meta Platform shares fell 3.08%, Advanced Micro Devices (AMD) shares fell 3.91%
Energy stocks fell after WTI crude fell more than 2%, with KonocoPhillips down 2.49%, ExxonMobil down 1.78%, and Chevron down 2.93%.
Ford Motor shares fell 2.94% after the company announced a car price cut.
Shares of Johnson & Johnson (J&J) fell 3.7% after reports that a federal court rejected J&J’s petition to use a bankruptcy filing to resolve the company’s multibillion-dollar lawsuit. According to consumers, J&J baby powder products made with talc cause cancer. due to asbestos contamination which is a carcinogen
Investors are keeping an eye on the earnings reports of major listed companies this week. These include Apple, Alphabet, McDonald’s and General Motors.
