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Wall Street opens in red and the Dow Jones falls 0.17%

Wall Street opened this Tuesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.17%, weighed down by a new rise in Treasury bonds.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 33,928 units and the selective S&P 500 was down 0.61%, up to 4,347 points.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, fell 1.05%, to 13,426 integers.

The yield on the benchmark 10-year Treasury note today surpassed 4.8%, its highest level in almost two weeks, after September retail sales data showed demand above U.S. estimates. the analysts.

The news, which points to the strength of the US economy, also raised the specter of Federal Reserve rate hikes, weighing on gains on Wall Street.

However, the good data from banks Bank of America and Goldman Sachs, which today reported quarterly results above expectations, moderated the falls.

Still, instability in the Middle East and rising oil prices may contribute to exacerbating volatility in the markets, analysts say.

By sector, the biggest gains were for energy and materials, which rose 0.59% and 0.41%, respectively. The greatest losses were for non-essential goods, which fell 0.94%.

Among the 30 Dow Jones stocks, Boeing (0.82%) and Walgreens (0.68%) rose above all. The biggest losses were for Intel (-2.95%) and Apple (-1.56%).

Source: Elcomercio

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