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Wall Street closes in red and the Dow Jones falls 0.14%

Wall Street closed this Monday in red, and the Dow Jones Industrials, its main indicator, fell 0.14%, as investors study what the next steps of the United States Federal Reserve (Fed) will be at its meeting This week.

At the close of operations, the Dow Jones fell to 34,051 units and the selective S&P 500 subtracted 0.04% to 4,147 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, depreciated 0.11% to 11,854 integers.

This week, investors are once again concerned about a possible economic downturn and are considering whether the central bank could raise interest rates again at its meeting this week.

The Fed, which will meet on May 2-3, is expected to raise interest rates by another 25 basis points.

In addition, today the US authorities seized the First Republic bank (-43.30%) and sold it to the banking giant JPMorgan Chase (2.14%).

The purchase agreement was for $10.6 billion, including uninsured deposits and virtually all assets.

First Republic reported last week that deposits fell more than 40% in the first quarter, sending shares down further. Since the start of the year, shares have plunged 97%.

The sectors that closed today with the highest gains were healthcare and industry, with a rise of 0.59% and 0.55%, respectively. While the greatest losses were for energy and non-essential goods, which fell by 1.26% and 1.06%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Intel (-2.45%) and Walgreens (-1.82%), while the biggest gains were for JPMorgan and Nike (0.59%).

In other markets, Texas oil closed at $75.66 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3.576%, gold fell to $1,988 an ounce, and the dollar gained ground against the euro, with a change of 1.0972.

Source: Elcomercio

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