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Wall Street ended mixed, as shares of Sales force climbed following upbeat forecast

On Wall Street yesterday, key indices ended mixed, after US inflation data matched estimates, underscoring expectations the Federal Reserve could pause its monetary tightening, while shares of Sales force climbed following an up upbeat forecast.
 
So, the Dow Jones Industrial Average declined 168 points, or 0.5 percent, to close at 34,722. The S&P 500 fell 7 points, 0.2 percent, to end at 4,508 points. But, the Nasdaq gained 0.1 percent, to 14,035.
 
Sales force rallied 3% following upbeat revenue forecasts from the cloud-based software provider as it benefits from price hikes and a resilient demand.
 
In economic news, the US Commerce Department report showed the Personal Consumption Expenditures – PCE – price index, considered the central bank's preferred inflation gauge, climbed 3.3 percent in July on an annual basis, in line with expectations.
 
Excluding volatile food and energy components, the core PCE price index rose 4.2 percent in July, year-on-year, also in line with estimates.
 
Meanwhile, traders' expectations for a pause in rate hikes at the Fed's September policy meet remained at an 88.5 percent chance, while their bets on the central bank keeping rates unchanged in November stood at 51 percent, according to the CME Group's FedWatch tool.