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New York Stock Exchange opens this Tuesday February 21 in red

Wall Street opened this Tuesday, the first day of the week after a festive day on Monday, with all the indicators down, and the main one, the Dow Jones Industrials, lost 0.90%, in an environment in which they weigh fears of a tightening of interest rates.

At the time the bell rang on the New York Stock Exchange, the Dow Jones marked 33,561 points, a drop of 305 units compared to Friday’s session.

For its part, the selective S&P fell 41.25 integers (-1.01%) to stand at 4,046.25 points, while the Nasdaq index, which groups the main technology companies, was the one that lost the most, specifically 166.50 units (-1.34%), up to 12,223.50 integers.

The results for the fiscal fourth quarter announced this Tuesday by Walmart, the largest American retail chain, and Home Depot, one of the largest household goods chains, will also have weighed on investors’ spirits, in both cases worse than expected.

The executive director of Walmart (which fell 2% in these early stages, although it has gradually recovered), John David Rainey, recognized that consumers are buying fewer “discretionary” (non-basic) products because prices remain high after a year of very high inflation.

For his part, Home Depot it was down 5.27%, becoming the biggest drag on the Dow this morning.

The New York parquet continues to fear that the Federal Reserve (Fed) undertakes a more aggressive rise in interest rates to control inflation, after several Fed executives had expressed themselves in this regard last week.

By sectors, everything was down this morning with the exception of energy (0.16%), the worst being non-essential goods (-2.06%) and real estate (-1.66%).

The 30 Dow Jones values ​​began the day all in the red, and in addition to Home Depot, the falls of Intel (-2.72%), Disney (-2.27%) and 3M (-2.16%) stood out .

Source: Elcomercio

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