Wall Street drifts lower as US stocks slow their roll

New York (AP)-American stocks fell down on Wednesday, as they cool after a day of jumping within a few good days of gains from their highest levels ever.

The S&P 500 decreased by 0.6 %, but it is still among 4.2 % of its record after being imposed on the top of the hopes that the worst disorders caused by president Donald Trump’s war will have passed. Nearly 20 % was less than the brand last month.

The Dow Jones industrial rate decreased 244 points, or 0.6 %, and the Nasdaq compound decreased by 0.5 %.

Trading was relatively calm in the countdown to the main event on Wednesday for financial markets, the latest quarterly version of NVIDIA. This came after trading for this day. Before, AI Darling shares slide 0.5 %.

Expectations were high for the bell of frenzy about artificial intelligence technology. So it is fears that the price of his share may be very high, even after it has stopped significantly this year.

Like NVIDIA, Macey shares also swing up and down during most of the day, although they reported more moderate decreases in revenue and profit for the last quarter of what analysts expected.

The retail seller has maintained her revenue expectations this year, but she partially reduced her profit expectations due to customs tariffs and some moderation in spending by consumers. Today’s shares ended with a decrease of 0.3 %.

Likewise, many other retailers have provided better results than expected for the last quarter. Abercrombie & Fitch increased by 14.7 % after its profit and its revenues topped the analysts’ expectations. Virtue, CEO Fran Horwitz, is a wide growth in her business worldwide, and the strength of her Holmer’s trademark compensates for her trademark Abercrombie.

Mathematical goods in Dick added 1.7 % after the analysts’ expectations for the last quarter, and stood alongside their financial expectations earlier for the full year.

At the losing end of Wall Street, Octa, who decreased by 16.2 % although the identity and arrival management company had been reported better for the last quarter of than what Wall Street expected. Analysts described it as a strong performance, but the investors may have been looking for more after his shares have reached nearly 60 % for this year.

Gamestop retail in video games decreased by 10.9 % after saying it had bought 4,710 Bitcoin, which is worth more than $ 500 million at its current price. In late March, the company said it may start buying Bitcoin to store some money in the Treasury.

Finally, the S&P 500 32.99 points decreased to 5,888.55. Dow Jones 244.95 decreased to 42,098.70, and Nasdaq 98.23 decreased to 19100.94.