Wall Street opens in red and the Dow Jones falls 0.68%

Wall Street It opened this Friday in red and the Dow Jones Industrials, its main indicator, lost 0.68%, and is on track to close a week with losses.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones fell to 33,977 units and the selective S&P 500 subtracted 0.83%, up to 4,387 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, subtracted 1.22%, up to 13,462 integers.

If the three indicators close in red this Friday, they would break their streak of several weeks of gains.

The Bank of England raised interest rates by half a percentage point yesterday, a percentage higher than expected, in a fight to combat stubborn inflation.

This was the 13th consecutive rate hike by the British central bank.

For his part, the president of the US Federal Reserve (Fed)., Jerome Powell, said yesterday that two more rate hikes of 25 basis points each by the end of the year were “a pretty good guess.”

These comments shatter the hopes of investors who expected the central bank to be near the end of its tightening cycle.

By sectors, red predominated and the greatest losses were for technology and raw materials, which remained 1.14% and 1.08%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Salesforce (-1.8%) and Nike (-1.69%), while the biggest gains were for 3M (2.5%) and Verizon (0. 31%).