The US stock market splits on Friday. The Standard 500 index remained near historical heights, the Dow Jones industry average index fell slightly, and the NASDAQ index rose slightly. While the market digests weak US consumption data, it assesses whether the Fed is likely to continue to raise interest rates in the short term.
As at 10:05 a.m. Eastern U.S. time on 14 August, the scale 500 index rose 0.11 per cent and reported 7807.65 points; the track finger fell 0.04 per cent and reported 53818.85 points; and the naydes rose 0.07 per cent and reported 2682.261 points. On the previous trading day, the Standard 500 index had just reached a new high of 7798.99.
In July, the retail sales accident Slide
In the United States, sales of retail and catering services declined by 0.6 per cent in July to $763.6 billion, weaker than the market originally expected. The fall of a single month, though 5 per cent over the same year, has raised renewed concerns about energy consumption.
The beginning of consumer confidence at Michigan University in August also fell from 55.2 in July to 51.0. Meanwhile, inflation is expected to rise to 4.3 per cent in the coming year and long-term inflation is expected to remain at 3.3 per cent.
High-value pressure re-emergence
For the stock market, the impact of such data is not uniform. The weakening of consumption may reduce business demand, but it may also provide the Fed with greater space to maintain interest rates. The previously published inflation data were mild and have eased the market ' s concerns about the renewed interest rate hike in September.
Although the Standard 500 index is still operating at a high level, the discussion in the market on whether valuations are going too fast is again warming. The market graph quoted in the article shows that the increase in the supply of the United States stock relative to the broader currency has significantly expanded, which means that the market is more sensitive to the lack of profit expectations, tight liquidity or a return on bonds.
United States debt and the situation in the Middle East remain variable
On the whole, the market is still relatively robust, with both NCO and NASDAQ increasing the number of shares more than falling. Among the 500 plates, the energy plate rose by about 1.6 per cent; Meta Platforms and Alphabet were strong and led to the communication services block.
On the other hand, Reddit, after having been included in the 500 index, had its share price increased by almost 15 per cent, while Appled Materials had dropped by about 4 per cent. Next, the market will observe if the 500 index stabilizes the most recent high area, and if the road points to break resistance near Point 54744.
At the same time, the annual United States debt return remains at 4.6 per cent, and tensions in the Middle East have allowed oil prices and inflation risks to remain within market horizons.