Wall Street in the red with Nvidia leading declines among megacaps – Stock Exchange

To the North American stock exchanges closed in the redwith Nvidia leading the declines among technological “megacaps” – companies with a market capitalization above 200 billion dollars. This on a day when trading was dominated by a positions before the end of the first quarter.

The S&P 500, a reference for the region, slipped 0.28% to 5,203.58 points, the industrial Dow Jones dropped 0.08% to 39,282.33 points and the technological Nasdaq Composite fell 0.42% to 16,315.7 points.

Among the main movements, the Nvidia depreciated 2.53% to $925.95 and the United Parcel Service (UPS) fell 8.16% to $143.79with investors finding the long-term sales target difficult to achieve.

Despite the drop recorded today, North American indices are on track to close March with gains. In the case of the S&P, it will be the fifth consecutive month of increases, something that last happened in 2013.

“Strong price dynamics, like the one we have seen over the last five months, tend to occur in a ‘bull market’ context and are a sign of underlying robustness,” said Truist’s Lerner, speaking to Bloomberg.

The rise, he explains, was, among others, driven by a more robust economy than expected and expectations that the US Federal Reserve (Fed) will start lowering interest rates this year.