Wall Street closed this Tuesday in red and its main indicator, the Dow Jones Industrial Average, lost 0.20% after a day marked by the publication of the minutes of the most recent meeting of the Federal Reserve (Fed).
At the bell, the Dow Jones stood at 48,367 points; the S&P 500 fell 0.14%, to 6,896 points; and the technological Nasdaq fell 0.24%, to 23,419 units.
The Fed minutes once again showed division over the direction of US monetary policy in a context of persistent inflation and the weakening of the labor market, and suggested that the central bank may not move in the coming months.
The Federal Open Market Committee (FOMC) of the Fed voted in December in favor of cutting interest rates by a quarter point, leaving them in a range between 3.5% and 3.75%, but the most disputed decision within the body since 2019.
Continue reading: Banks resort to the Fed’s liquidity tool in the face of end-of-year pressures
At the corporate level, Meta rose 1.11% after announcing yesterday the purchase of Manus, an artificial intelligence (AI) company, for more than $2 billion, amid competition in this sector between large technology companies.
The last week of December is usually positive for the stock market and is known as ‘Santa Claus’ rally’, but at the moment this is the third consecutive session in the red.
Despite this, the main indicators seem poised to close the year with notable accumulated gains, around 15 and 20%.
With information from EFE
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