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Wall Street opens in red this Wednesday and the Dow Jones falls 0.72%

Wall Street opened this Wednesday in red and the Dow Jones Industrials, its main indicator, lost 0.72%, when investors analyze the latest business results to see how the economic slowdown has affected the main US companies. and interest rate hikes by the Federal Reserve (Fed).

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones it fell 244.34 units, to 33,489.62, while the selective S&P 500 lost 1.10% or 44.28 points, to 3,972.67.

The composite index of the Nasdaq market, where the main technology companies are listed, subtracted 1.65% or 186.57 integers, up to 11,147.70. On Tuesday, Microsoft (-3.52%) was the first tech giant to announce its results, which showed the slowest sales growth in more than 6 years.

Before the bell rang this Wednesday, Boeing (-1.11%) surprised with a quarterly loss, while AT&T (5.98%) announced that it had added subscribers in the last quarter and that it plans to continue investing in 5G. This afternoon, after the stock market closes, investors will look closely at Tesla’s latest results (-1.56%).

All sectors woke up this Wednesday in red and the most affected were technology and non-essential goods, with falls of 1.95% and 1.56%, respectively. Among the thirty values ​​of the Dow Jones the most affected companies were Microsoft Y Chevron (-1.84%).

While, at the other extreme, the highest gains were for Merck (0.27%) and 3M (0.26%).

In other markets, Texas oil rose at this time to $80.27 a barrel, the yield on the 10-year US bond fell to 3.438%, gold fell to $1,929 an ounce and the dollar lost ground against the euro, with a change of 1.0886.

Source: Elcomercio

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