Seven of the 11 major S&P 500 sectors declined.
Of the 278 companies in the S&P 500 that have posted earnings as of Friday, 78.4% reported above analysts' expectations, according to Refinitiv data.
"January spooked some of the dip buyers out of the market for a while and we're just now starting to see them come back, though the full-fledged 'buy the dip' mentality has cooled a bit," said Randy Frederick, managing director of trading and derivatives at Charles Schwab in Austin, Texas. An unexpectedly strong jobs report last week spooked investors about aggressive policy tightening by the U.S. Federal Reserve, ahead of key inflation data for January that is due on Thursday.
Markets are now pricing in a one-in-three chance the Fed might hike by a full 50 basis points in March and the prospect of rates reaching 1.5% by year end. FEDWATCH
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall St Week Ahead Inflation data next focus for investors after bond yield spikeWild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets.
Leer más »
Florida woman arrested in St. George for presenting phony prescriptionA Florida woman is facing charges in a local court after attempting to use a fake prescription at a St. George pharmacy.
Leer más »
St. Bernadette parishioners gather to discuss merger as online petitions seeks to appeal archdiocese decisionSt. Bernadette, founded in 1947 and poised to celebrate its 75th anniversary, is a mainstay in the community and the parishioners said they aren’t thrilled to see their church close its doors.
Leer más »