Wall Street opens in red and the Dow Jones falls 0.28%

Wall Street opened this Wednesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.28% with an eye on the conflict between Israel and Hamas and the batch of quarterly results in the US.

A quarter of an hour after the start of operations on the New York Stock Exchange, the Dow Jones stood at 33,902 units and the selective S&P 500 was down 0.53%, up to 4,350 points.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, fell 0.74%, to 13,434 integers.

Investors are today paying attention to the war between Israel and Hamas, as well as US President Joe Biden’s trip to Israel as part of diplomatic efforts to contain the contagion of the conflict in the region.

The latest quarterly results from Wall Street are also in focus, such as those of the financial company Morgan Stanley, which fell 5.5% on the stock market after weak business figures due to the lower volume of purchase and merger operations.

On the other hand, the multinational household products company Procter & Gamble rose almost 3% after reporting higher profits and income, although they are explained by the increase in prices that compensates for a drop in sales.

The yield on 10-year Treasury bonds rose early to 4.862%.

By sectors, the greatest losses were for industrial (-1.68%) and materials (1.41%), and once again energy (0.88%) stood out for its rise, linked to a rebound in prices of oil due to geopolitical tensions in the Middle East.

Declines were also predominant among the 30 Dow Jones stocks, led by Caterpillar (-4.65%), Home Depot (-1.34%) and Goldman Sachs (-1.28%).