Current situation on Wall Street
Wall Street started today’s session without significant fluctuations, in a context characterized by the publication of very important macroeconomic data. Investors are in a waiting phase, focused on the PCE index, the Federal Reserve’s preferred indicator for monitoring inflation. This figure, expected in Italian hours, is essential to anticipate future Fed decisions regarding monetary policy
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Impact of Thanksgiving Day
As
Thanksgiving approaches, the U.S. financial markets will close tomorrow, reopening Friday for a reduced session. This holiday period is known to lead to a decrease in trading volume, which may affect market volatility. Investors are therefore cautious, trying to assess how economic data will influence their investment strategies
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Trend of the main indices
In the first few minutes of trading, the Dow Jones registered an increase of 27.85 points, corresponding to an increase of 0.06%. In contrast, the S&P 500 showed a loss of 9.62 points, falling by 0.16%. The Nasdaq also fell, losing 57.17 points, equal to a decrease of 0.30%. These fluctuations highlight the uncertainty of investors waiting for clearer economic news
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Oil price and market dynamics
Meanwhile, the price of WTI oil at Nymex registered a slight increase of 0.09%, reaching $68.83 per barrel. This marginal increase is indicative of the current international dynamics regarding the supply and demand of crude oil. Analysts are watching closely how these factors may further influence the markets in the coming days
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Increase in mortgage applications
In a changing economic environment, mortgage applications in the United States have increased, thanks to a drop in interest rates for the first time in more than two months. According to the Mortgage Bankers Association, total claims grew by 6.3%, with a significant 12% increase in mortgage applications for the purchase of a home compared to the previous week. This trend could indicate a recovery in the real estate market, stimulated by more favorable lending conditions
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