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Home»News»Wall Street ends February with falls amid concerns about Fed rates

Wall Street ends February with falls amid concerns about Fed rates

Stanley BowersBy Stanley BowersMarch 1, 2023No Comments1 Min Read
Wall Street ends February with falls amid concerns about Fed rates
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BofA Global Research warned that the Fed could even raise interest rates to almost 6%. Economic data for Tuesday; however, they showed an unexpected drop in consumer confidence in February, while a gauge of house prices slowed further in December.

The Dow fell, weighed down by the fall of Goldman Sachs after Chief Executive David Solomon said the bank is considering “strategic alternatives” for its consumer business.

follow the trend

In Mexico, the referential S&P/BMV IPC of the Mexican Stock Exchange (BMV), which groups the 35 most traded shares in the market, closed with a monthly decrease of 3.3%, at 52,758.06 units.

The FTSE BIVA of the Institutional Stock Exchange (BIVA) closed at a level of 1,098.95 points and a drop in February of 3.4%.

Among the outstanding operations, the titles of the restaurant operator Alsea lost 4.87%, to 40.44 pesos; while the titles of the media giant Grupo Televisa declined 4.78%, to 18.31 pesos.

With information from Reuters

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