S&P 500 Snaps Run Winning seven days dragged by Oracle, Tesla and the anxiety of closing

The reference indices to Wall Street ended the lower session on Tuesday, October 7, led by the sale of pressure in large technologies and the closure of the US government entering its seventh day without any sign of the end of the dead end.

The Dow Jones put an end to another lower storage session, extending the losses for the second day, while the S&P 500 broke a sequence of seven days. The NASDAQ has become the underperforming with losses of almost 0.7%.

Reports citing “information” said that the raw margins of Oracle on the chips he buys from Nvidia and that rents to players like Openai are only 14%, compared to their raw margins consolidated at 70%. The report lowered the title by more than 3%, which weighed on the Nasdaq.

Tesla shares have also decreased by more than 4% after the company launched two new variants, the Y model standard, just below $ 40,000 and the model 3, at only $ 37,000. Investors, who hoped for greater launches, such an update on the roadster, were disappointed and dropped the stock.

The closure of the United States government has extended for the seventh day. Flights to some American cities are starting to see delays due to staff shortages. In the event that the dead end does not end in the middle of next week, active members of the armed forces will not be paid either.

President Donald Trump said he was in talks with the Democrats, an assertion that was refused by the head of the Senate Democrat, Chuck Schumer, although he added that if the Republicans were ready to speak, they are ready to come to the table. A fifth attempt at the end of the stop fell in the Senate on Monday evening, on the expected lines.

The US dollar continues to strengthen, now approaching the 99 brand, while Gold Futures crossed the $ 4,000 brand for the first time. Bofa Securities warned against a certain consolidation in the fourth quarter after such a rally, citing “the exhaustion to the trend”, while Ray Dalio, founder of Bridgewater Associates, said that investors should hold more gold than before, because it does well when the portfolio decreases.

All eyes today will be on the last report of the political meeting of the American federal reserve, which will be published later in the day. Governor Newly appointed Stephan Miran reiterated that the relaxation of policies should continue because the impact of inflation prices is limited, while the president of Minneapolis nourished Neel Kashkari warned that any drop in drastic rate could stir up inflation.