Wed. Feb 26th, 2020

Wall Street closes almost flat for the second day in a row

Wall Street closed this Wednesday in mixed territory and with hardly any changes for the second consecutive day, after the record figures recorded on Monday and after several information considered a possible delay of an agreement between China and the United States until December.

At the close of operations on the New York Stock Exchange, Dow Jones fell 0.07 points, 0.00%, to 27,492.56.

The selective S&P 500 was the only one of the three large markers that remained in profits and gained a slight 0.07% or 2.16 integers, standing at 3,076.78; while Nasdaq lost 0.29% or 24.05 points, to 8,410.63.

By sectors, the greatest gains were for health (0.56%), essential goods (0.53%), real estate (0.41%) and financial (0.41%).

The losses were led by companies in the energy sector (-2.29%) and communications (-0.20%).

According to several local media, all the fringes between the negotiating teams of China and the United States have not yet been closed for the signing of the expected commercial pact, and although the US authorities would like to have it all closed by the middle of this month, it could be delayed until December.

The specialized CNBC channel said that according to sources close to the Trump negotiations, he will be in London for a meeting of NATO leaders on December 3 and 4 and that shortly before or shortly after, the White House tenant and the Chinese president , Xi Jinping, could hold a meeting to close the deal.

According to US media, China is pressing US President Donald Trump to eliminate more tariffs imposed in September as part of a so-called Phase 1 agreement, which would help alleviate the extensive economic damage caused by the trade dispute. between the two largest oil consumers in the world.

Last Monday, the good data of the third quarter results announced so far, together with the expectations that the United States and China reach a commercial agreement in the short term, boosted the Dow Jones, the S&P 500 and the Nasdaq to figures record.

Last Friday, Washington suggested an approach to an initial trade agreement between the US. and China, speaking of "progress in a variety of areas" and that they are in the "process of solving pending problems" in the face of a pact during this month of November.

Among the 30 Dow Jones values, Procter & Gamble (1.19%), Cisco (1.07%), Verizon (1.06%) and McDonald's (1.04%) stood out at the close.

In contrast, the most affected were Walgreens (-2.81%), Exxon Mobil (2.19%), Chevron (-1.67%) and Boeing (-1.14%).

In other markets, Texas intermediate oil fell 1.5% to $ 56.35 a barrel and at the end of Wall Street, gold rose to $ 1,492.30 an ounce, the yield on the 10-year Treasury bond fell at 1,821% and the dollar won against the euro, with a change of 1.1067.

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