Wall Street closes the downturn as investors increase profits, inflation | Economic Market Story

Shares left profits earlier and closed Tuesday lower as traders tested recent quarterly reports from major US companies as well as new information about rising prices.

The S&P 500 fell 0.4%, and many companies that were on the list lost their chance. Banks, industrial stocks and consumer-dependent companies play a major role in the decline.

Technological advances have eliminated this change, helping to address some of the more complex issues. The assets of small companies have lost some of their most serious assets.

The restoration brought large sections of the pages a little lower than what they had written the day before. Economic yields soared.

Advertisers take mixed quarterly reports from Goldman Sachs, JPMorgan Chase, PepsiCo and other major companies. He also found another glimpse of how falling prices are still seen in the economy as a rapid driver of consumer demand and constraints change the high prices of consumer goods.

A recent report from the U.S. Department of Labor also reported another increase in consumer prices in June that surprised economists.

Alan McKnight, chief financial officer, said: “You had a lot of amazing money recently, but in some of the reference books that came out there were questions about,” Well, what about price pressure? “to the Asset Management Areas.” Then you are compiling it with the inflation report today when we look at other records. “

The S&P 500 fell 15.42 to 4,369.21. The Dow Jones Industrial Average dropped 107.39 points, or 0.3%, to 34,888.79. The Nasdaq Composite Index heavyweight dropped by 55.59 points, or 0.4%, to 14,677.65, while the Russell 2000 index for small companies lost 42.96, or 1.9%, to 2,238.86.

Rising prices have been a long-standing concern in the market as traders try to figure out how they could affect everything from the economic crisis from the coronavirus to the Federal Reserve’s actions.

The Department of Labor said Tuesday that U.S. consumer prices had risen sharply in June 13 years, adding to inflation that has been raising concerns on Wall Street that the Federal Reserve may consider lowering its interest rates and lowering its bond purchasing power earlier than expected.

The high cost of goods, such as used cars, is mainly tied to the increase in demand and demand for goods. But the prices of many commodities, such as timber and other commodities, are either declining or declining as retailers continue to expand their operations, says Jamie Cox, a partner at Harris Financial Group.

“That’s a problem and it shows up in different places but it doesn’t stay there forever,” Cox said.

Major companies have opened up the most recent financial transactions, with entrepreneurs listening intently to feedback on how companies have fared during the recovery process and how they view the rest of the year.

Goldman Sachs fell 1.2% despite mentioning the second largest profit in the history of the savings bank. JPMorgan Chase is down 1.5% after giving depositors a mixed interest rate but lower interest rates such as interest rates dropped three months ago.

“The economy has had exactly the same price rates going up,” McKnight said. “We have already paid the price there. Now it’s a matter of ‘show me’. Can you guarantee that you will earn money on a high-quality movie when we return to a safe place? ”

Conagra Brands fell 5.4% sharply in the S&P 500 after Chef Boyardee owner and other packaged food brands gave money to retailers, based on price pressure. Fastenal, a manufacturer of industrial and construction materials, also said that it expects more pressure from rising prices in retail and transportation. The stock fell 1.6 percent.

Yields have fluctuated sharply since the first sell-off and rose to 1.42% from 1.36% at the end of Monday. Overall, yields have been declining for a few months after the first fall of the year.

The peaceful trading market also reflects confidence that inflation can be temporary and tied to economic restructuring.

“This is a very good story and the stock market is not afraid of currencies that are raising or raising prices,” Cox said.

Gaining firmness also helped other companies make a profit. PepsiCo climbed by 2.3% after hitting Wall Street profits in the second quarter with cash.

Boeing fell 4.2 percent after the company announced the reduction of its 787 aircraft due to new faults in some of the aircraft that were built but not delivered to passenger customers.