Wall Street indices are trading mixed as they await key information regarding interest rates.

Investors are also gearing up for the start of the Q2 earnings season on Friday, with reports expected from several major companies.

The three main Wall Street indices show little change as the week begins with key information expected. Local averages have mixed performances as investors prepare for news related to the Federal Reserve.

The main index, the Dow Jones, comprising 30 giants, is down 0.14% at 39,320.99 points. The S&P 500, with 500 stocks, is marginally up 0.06% at 5,570.75 points, and the tech-heavy Nasdaq Composite is up 0.32% at 18,411.05 points.

While no significant information is expected in the U.S. this Monday, Fed Chairman Jerome Powell will testify before the Senate for two days, starting tomorrow. Additionally, U.S. inflation data will be released on Thursday.

SPX

Market participants are looking for more signals on the future of monetary policy in the world’s largest economy after data released last week showed a slowdown in economic dynamism due to a restrictive stance and high-interest rates.

Furthermore, investors are also preparing for the start of the Q2 earnings season on Friday. Reports are expected from major companies like PepsiCo and Delta Air Lines, as well as big banks Citi and JPMorgan.

By sector, finance companies lead the gains with a 0.71% increase, while the biggest losses are in communication, down 0.85%. Within the Dow Jones index, Intel (up 5%) and Travelers (up 2.07%) lead the gains, while Salesforce (down 0.99%) heads the losses.

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ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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