Wall Street opens in red and the Dow Jones falls 0.52%

Wall Street opened this Wednesday in red and the Dow Jones Industrials, its main indicator, lost 0.52% at the opening, when investors have their eyes on the US Lower House, which will debate today on the debt ceiling.

Eleven minutes after the start of operations on the New York Stock Exchange, the Dow Jones fell to 32,871 units and the selective S&P 500 subtracted 0.36% to 4,190 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, fell 0.01% to 13,015 integers.

Negotiations between Democrats and Republicans on the debt ceiling have been at the center of investor concerns for weeks.

Lawmakers have until June 5 to approve the measure in both chambers, the date on which the Treasury Department estimates that the country will exhaust its reserves.

President Joe Biden and the speaker of the House of Representatives, the Republican kevin mccarthyannounced an agreement in principle over the weekend to limit benchmark federal spending for two years and raise the debt ceiling, but the deal has yet to be ratified.

The pact between the two parties yesterday overcame its first legislative obstacle after a committee of the Lower House allowed its debate in the chamber.

The plenary vote is expected to take place around 20:30 local time (00:30 Thursday GMT).

By sectors, the only gains on Wall Street were for the real estate and technology sectors, which rose 0.03% and 0.1%, respectively, while the biggest losses were for energy and financials, with a drop of 1.36% and 0.84%, respectively.

Among the 30 Dow Jones stocks, red also dominated, the companies with the biggest losses were 3M (-1.71%) and Visa (-1.65%), while the biggest gains were for Microsoft (0.99%). and Intel (0.87%).