Skip to content

Wall Street opens in the red after US economic slowdown data.

Wall Street opened this Friday in red and the Dow Jones Industrials, its main indicator, lost 0.06%, when investors analyze the latest business results to see how it has affected the economic slowdown and await the next steps of the US Federal Reserve (Fed).

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones it fell 18.84 points, to 33,930.57 units, while the selective S&P 500 lost 0.18% or 7.23 integers, to 4,053.20 points.

The Market Composite Index nasdaqwhere the main technology companies are listed, remained 0.07% or 7.61 units, up to 11,504.80 integers.

The Fed will meet next week and is expected to ease its interest rate hikes further, specifically to a quarter of a percentage point, something that appears to have encouraged investors.

The central bank raised interest rates seven times last year in a quest to slow economic growth to reduce inflation.

Yesterday, after the trading floor closed, the chip maker Intel (-10.65%) reported a larger-than-expected quarterly loss. And today both its shares and those of its rivals in the same sector are trading lower.

This morning, before the ringing of the opening bell, amexpress (7.97%) reported that their earnings fell in the fourth quarter. However, its shares rose because the credit card company also said it plans to increase its quarterly dividend.

On the other hand, the actions of Chevron (-2.74%) were down, despite the oil company reporting record annual profits last year in its results today.

The only sectors that woke up in green today were non-essential goods, communications and finance, which rose 0.51%, 0.31% and 0.08%, respectively.

While the greatest losses were for energy and raw materials, which fell by 0.89% and 0.6% respectively.

Among the 30 values ​​of the Dow Jonesthe most affected companies were Intel and Chevron, while, at the other extreme, the greatest gains were for American Express and Visa (2.98%).

In other markets, Texas oil rose at this time to $82.04 a barrel, the yield on the 10-year US bond rose to 3.533%, gold fell to $1,926 an ounce and the dollar gained ground against the euro, with a change of 1.0846.

Source: Elcomercio

Share this article:
globalhappenings news.jpg
most popular