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Wall Street closes in red and the Dow Jones falls 0.31%

Wall Street closed this Friday in red and its main indicator, the Dow Jones Industrial Average, fell 0.31%, chaining its fourth consecutive day of losses and leaving a negative weekly count.

At the end of operations on the New York Stock Exchange, it stood at 33,963.8 points, and the selective S&P 500 fell 0.23% to 4,320 points.

The Nasdaq index, which groups together technology companies, lost 0.09% and stood at 13,211.8 units.

The market continued to focus on concerns about the high interest rate environment in the US after the Federal Reserve decided on Wednesday to pause its policy increases, but forecast new ones before the end of the year.

By sector, the declines predominated and were led by non-essential goods (-0.87%), financial (-0.74%) and real estate (-0.72%) companies.

Among the 30 Dow Jones companies, the biggest losses were for Disney (-1.79%), Walgreens (-1.54%), and Dow Inc (-1.47%).

Outside of that group, the 5.6% drop on its first day of trading on the Nasdaq of the Spanish company Turbo Energy stood out.

In other markets, Texas oil rose to $90.03 per barrel, and at the close of trading the 10-year bond fell to 4.438%, gold rose to $1,945.1 per ounce and the dollar gained ground against the euro, with an exchange rate of 1.0641.

Source: Elcomercio

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