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FX.co ★ US stocks fell from highs as tech giants put pressure on Nasdaq

US stocks fell from highs as tech giants put pressure on Nasdaq

US stocks fell from highs as tech giants put pressure on Nasdaq

US stocks fell from highs as tech giants such as Tesla and Amazon put pressure on Nasdaq.

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US stocks fell from highs as tech giants put pressure on Nasdaq

Fortunately, most companies in the S&P 500 posted gains, offsetting the losses from tech and retail companies.

And even though problems within the supply chain continue to increase, in which shortages of materials are limiting output and raising backlogs, the market is safe because the prices of goods jumped to its highest level since July 2008.

US Treasury Secretary Janet Yellen also assured that the president's new spending plan is unlikely to raise inflationary pressures.

With this, Keith Lerner, chief market strategist at Truist Advisory, reiterated that: "The reporting season, economic recovery and Covid trends will remain catalysts for growth. At the same time, market players should monitor when and how the Federal Reserve will adjust its soft monetary policy."

In the meantime, investors should pay attention to this week's events: Tuesday - release of data on US trade balance and production orders, policy decision of the Reserve Bank of Australia; Wednesday - statements from Chicago Fed President Charles Evans; Thursday - policy decision of the Bank of England; Friday - release of US employment report for April.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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