Wall Street closes with losses and the Dow Jones falls 1.14% in its worst session since March

Wall Street closed this Tuesday with losses and its main indicator, the Dow Jones Industrial Average, fell 1.14%, almost 390 points, registering its worst session since March.

At the end of operations on the New York Stock Exchange, the Dow Jones stood at 33,618.9 points and the selective S&P 500 lost 1.47%, to 4,273.5 points.

The Nasdaq index, which groups together technology companies, lost a notable 1.57%, up to 13,063.6 units.

According to analysts, the stock market responded pessimistically to weak data released today on US household sales and consumer confidence, reinforcing fears of a recession.

Home sales in August fell to 675,000, 8.7% less than the previous month, while the consumer confidence index fell in September to 103 points from 108.7 the previous month, in both cases worse than expected. My dear.

With three more sessions left to close the month, everything seems to indicate that it will be very negative: the Nasdaq already loses a cumulative 6%, the S&P 500 4% and the Dow 2%.

Among the reasons for the widespread sales, in stocks and debt, is that the Federal Reserve (Fed) did not make clear its next steps in monetary policy and that investors anticipate a high rate environment for longer.

JPMorgan Chase’s top executive, Jamie Dimon, widely followed on Wall Street, in an interview published by The Times of India today defended the idea that the central bank should raise interest rates further to curb inflation.

In addition, investors are nervous about a possible government shutdown on September 30 given the lack of agreement in Congress for the financing of federal agencies.

All sectors fell, mainly public services (-3.05%), non-essential goods (-2.03%), real estate (-1.78%) and technology (-1.78%).

Among the Dow Jones listed companies, the most affected were Apple (-2.34%), IBM (-2.21%) and Honeywell (-2.07%).

Outside of that group, Amazon lost 4% after being sued by the US Government for alleged monopolistic practices.

In other markets, Texas oil rose to $90.39 per barrel, and at the close of trading the 10-year bond rose to 4.55%, gold fell to $1,918.9 per ounce and the dollar gained ground against the euro, with a change of 1.057.