Wall Street has shown restraint

After the impact of the previous day in the wake of surprisingly strong economic data, Wall Street has shown restraint. Traders missed new impulses given the fact that the indices are already moving towards their record highs. In terms of economic data, only the construction starts or permits for October were published, but the data were inconsistent. "Investors are not turning their backs on the stock market, but we believe that rotation is responsible for the inconsistent market development," says market strategist Peter Cardillo of Spartan Capital. The Dow Jones index was listed 0.62 percent lighter at 35,931 points. The S&P 500 and the Nasdaq Composite each lost 0.3 percent. According to initial information, there were 1,101 (Tuesday: 1,545) price winners, 2,266 (1,781) losers and 120 (138) unchanged shares on the Nyse. The debt ceiling came into focus once again. Treasury Secretary Janet Yellen said that the government could not meet its financial obligations until December 15 if Congress does not raise the debt ceiling. This is a minor concern for the markets, but it will likely settle as the government resolves the problem soon. "The market knows Washington will wait until the last minute," said Dave Wagner, portfolio manager and analyst at Aptus Capital Advisors. Overall, however, the environment for equities remains favorable - despite the interest rate fantasies, it was said. "Stocks pay way more than bonds," said Brooks Macdonald's investment strategist Edward Park. The fear of missing out is still there. As on the previous day, business figures from the retail sector were at the top of investor interest. Because with eagle eyes it is checked whether the galloping inflation reveals skid marks in the business cards of the industry representatives.