Wall Street closes in red and the Dow Jones falls 0.69%

Wall Street closed this Tuesday in the red, and the Dow Jones Industrials, its main indicator, fell 0.69%, with the two main parties in Congress still immersed in conversations about the sovereign debt ceiling in the US between accusations crusades of irresponsibility.

At the close of operations, the Dow Jones fell to 33,055.51 units and the selective S&P 500 lost 1.12% to 4,145 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, dropped 1.26%, to 12,560 integers.

“We are really at a crossroads in this negotiation, but President (Joe) Biden has not taken this issue seriously”criticized the “number two” of the Republicans in the Lower House, Steve Scalise, at a press conference.

For their part, the Democrats accuse the Republican camp of prioritizing politics over the needs of the people and of using the debt ceiling as a hostage to try to see their agenda satisfied.

“The far-right majority wants the American people to make an impossible choice: accept devastating cuts or a devastating default.” stressed the “number two” of the Democrats in the Lower House, Katherine Clark.

Most of the sectors ended the day in red with raw materials (-1.53%) and technology (-1.5%) dragging the biggest losses, while only the energy sector ended in green (1.04 %).

Among the 30 Dow Jones stocks, the companies with the most losses were Visa (-2.9%) and Intel (-2.54%), while the largest gains were for Chevron (2.89%) and Home Depot ( 1.47%).

In other markets, Texas oil closed at US$72.91 a barrel, and at the end of the trading session the yield on the 10-year US bond fell to 3.69%, gold rose to US$1,977 an ounce, and the dollar was gaining ground against the euro, with a change of 1.076.