Investors on Wall Street was cautious Wednesday after the minutes from the monetary policy meeting on 26-27. April showed that it can be set for a rate hike in June, if the economy continues to show signs of improvement in Q2.
The minutes of the monetary policy meeting
The Dow Jones fell not more 0.02 percent to 17,526.08 while the S & amp; P 500 rose 0.02 percent to 2047.63.
Both indices have developed a possible head-shoulder formation in the last two months and is already way down the neckline of respectively 17,500 and 2,040. By violating halsinjen will be triggered sell signal and then the Dow Jones fall below 17,000 again while the S & amp; P 500 could fall below 2,000 again.
Nasdaq rose 0.5 percent to 4,739.12 and all the ten most traded shares fell.
Apple continued up 1.1 percent after the Whitsun became known that Warren Buffets Berkshire Hathaway has bought shares in the company for $ 1 billion this year.
Tesla rose 3.2 percent after Goldman Sachs recommended buying the stock.
Half of the ten most traded shares on the NYSE fell, but banks rose on the prospect of rising interest rates in June. Bank of America rose 4.85 percent while Citigroup rose 5 percent, J.P. Morgan rose 3.9 percent and Wells Fargo rose 2.2 percent.
Target was today’s loser on the NYSE, with a fall of 7.6 percent, after weak quarterly results and a correspondingly weak guiding. This drew a Wal-Mart down 3.0 percent.
After three days with a rise of almost 17 percent fell Valeant back 4.2 percent.
After the light oil had been over $ 48 and Brent had sniffed at $ 50, oil prices fell back below respectively 48 and 49 dollars.
Exxon Mobil fell 0.2 percentage while Chevron fell 0.7 percent.
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