The prices will take a bite of $ 100 million on the results of Estee Lauder, says the company

The S&P 500 fell by 1% and was on the right track for its worst day since the first of the month. He also heads for a fourth consecutive defeat after setting a summit of all time last week. The industrial average of Dow Jones fell by 115 points, or 0.3%, at 10:50 am, Eastern time, and the NASDAQ composite was 1.8%lower.

Nvidia, whose tokens feed a large part of the world’s passage in AI, lost 3.7% and were on the right track to be the heaviest weight in Wall Street for a second consecutive day after its fall of 3.5% on Tuesday.

Palantant Technologies, another darling of AI, sank 9.3% to add to its loss of 9.4% compared to the day before.

A possible contributor to the evaluation was a study of the Nanda initiative of the MIT which warned that most companies did not yet see a measurable return of their AI generative investments, according to Ulrike Hoffmann-Barchardi, global head of shares at UBS Global Wealth Management.

But these companies have also faced criticism for some time that their prices of shares have simply fired too high, too quickly in the middle of the fury around the AI and have become too expensive. Nvidia, whose profit report scheduled for next week is one of the next major events in Wall Street, had climbed 35.5% for the year before Tuesday. Palant has jumped even more, more than doubling.

Technological actions always have supporters, who say that AI will bring the next generational business revolution.

The mixed profits reports of large American retailers have helped keep the rest of the market under control.

TJX, the company behind TJ Maxx and Marshalls stores, climbed 4.4% after defeating analysts for profit and income. He also increased his profit forecasts during his full financial year, while CEO Ernie Herrman said that TJX saw “a high demand for each of our American and international companies” and that his current quarter left.

Lowe’s added 0.9% after the home improvement retailer achieved a profit for the last quarter who exceeded analysts’ expectations. He also said that he had agreed to buy foundation building materials, a distributor of dry partitions, ceiling systems and other indoor construction products, for around 8.8 billion dollars.

The objective, on the other hand, fell 7.3% even if he has ahead of the expectations of analysts who have been to the goal in the spring. The retailer in difficulty said that CEO Brian Cornell was planning to resign on February 1 and an initiate, the 20 -year -old veteran, Michael Fiddelke, will replace him. He helped revitalize the business, but she had trouble overthrowing weak sales in a more competitive post-comfortable retail landscape.

Estee Lauder fell 5.8% after providing profit forecasts This next exercise which has not succeeded in Wall Street estimates. The beauty company said that it expects the prices to bring about $ 100 million over its upcoming income.

La-Z-Boy sank 13.4% after the profit and income of the furniture manufacturer for spring raised in analysts’ expectations. CEO Melinda Whittington said he was a candidacy for the “demand for the gentle industry” and that it is considering potential alternatives “to resolve the financial pressure of the” non -essential parties “of his business.

The biggest news of the week for Wall Street will probably arrive on Friday, when the president of the federal reserve Jerome Powell will deliver a long -awaited speech to Jackson Hole, Wyoming. The frame sheltered from ads for strong Fed policies in the past, and hope to Wall Street is that Powell suggests that a drop in interest rates will soon arrive.

The Fed has maintained its main interest rate this year, mainly due to the fear of the possibility that President Donald Trump’s prices can push inflation above. But a surprisingly low report on employment growth across the country can be replaced.

Treasury yields fell sharply on expectations for interest rate reductions, and the 10 -year treasure yield decreased to 4.28% against 4.30% late Tuesday.

In stock markets abroad, the indices were mixed through Europe and Asia.

The London FTSE 100 increased by 1.1% despite a report that inflation in the United Kingdom has increased more than expected until July, partly due to the outbreak of air prices and food prices.

Tokyo’s Nikkei 225 fell 1.5% after Japan said its exports fell a little more than expected in July, under pressure by higher tariffs on goods shipped to American imports also dropped a year ago.

Hang Seng of Hong Kong added 0.2%. Actions that are negotiated with the Chinese Pop Mart Group toy company climbed 12.5% after its CEO declared that its annual income could exceed $ 4 billion this year and announced the release of a mini version of its Labu dolls.