Wall Street opens in red and the Dow Jones falls 0.37%

Wall Street opened this Wednesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.37%, heading for its second day with losses after reaching all-time highs in 2023.

Ten minutes after the trading floor opened, the Dow Jones stood at 37,576 points, and the selective S&P 500 fell 0.5% to 4,719 points.

The Nasdaq composite market index, in which large technology companies are listed, fell 0.66%, to 14,668 units.

The yield on the US Treasury bond recovered from the downward trend that marked its 2023 and today exceeded 4%, amid investors’ belief that the Federal Reserve (Fed) will not cut interest rates as aggressively as expected. I expected at first.

Analyst Tom Essaye, from The Sevens Report, linked Wall Street’s “volatile” start to the year with a “natural rebalancing” of the market: “We hope that the economy, profits and statements from central banks will boost the markets.” again,” he added.

On the other hand, Apple shares opened lower again (-0.38%) after the Barclays firm yesterday lowered its rating of the company and made reference to the “mediocre” sales of the iPhone 15, which also led the Nasdaq to record its worst day since October.

By sector, losses predominated, led by the real estate sector (-1.27%) and raw materials (-1.17%). The only sector that opened with profits was healthcare (0.2%).

Among the 30 Dow Jones stocks, the biggest increases were for Verizon (1.72%) and Merck (1.31%), while the losses of Walgreens (-1.97%) and Caterpillar (-1.8%) stood out. %).