The technological index Nasdaq hit new record on Tuesday after disappointing data from the US economy increased the expectation that the Federal Reserve maintain intact interest rates.
The Nasdaq rose 0, 50%, to 5275.91 units, while the Dow Jones industrial Average was up 0.25%, to 18,538.12 units. The expanded S & amp; P; 500 increased 0.30%, to 2186.48 units.
“Data services were disappointing. The sector had the slowest growth in six years,” said Alan Skrainka of Conerstone Wealth Management. “This is a warning, no doubt,” he said.
The activity in the US services sector registered a larger than expected drop in August, according to the index of purchasing managers released Tuesday -feira the ISM association.
the non-industrial index fell 4.1 percentage points in a month, to stand at 51.4% in August, remaining above the 50% floor level which marks the border with the contraction of activity.
analysts had expected a less pronounced fall in the sector of 0.8 percentage point.
“the markets interpreted this as a given sign that the increase in interest rates is not on the table of the Fed, “said Jack Ablin.
the bond market was operating in the high 20h40 GMT (17h40 GMT). The Treasury bonds to 10 years fell to 1.533% against 1.603% Friday, while the papers to 30 years fell to 2.228% from 2.276% the day before.
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