Mon. Feb 17th, 2020

Wall Street closes mixed and Dow Jones chains eight days of earnings

Wall Street closed this mixed Friday and its main index, the Dow Jones remained green, chaining eight days in a row, thanks to the good feelings about the development of the trade war between the United States and China.

At the end of the operations on the New York Stock Exchange, the Dow Jones rose 0.24% or 65.19 points, to 27,247.64 integers. However, the selective S&P 500 closed in losses and fell 0.07% or 2.18 points, to stand at 3,007.39.

On the other hand, the Nasdaq market composite index, in which the main technology companies are listed, experienced a decrease of 0.22% or 17.75 points, standing at 8,176.71.

By sectors, only four finished the day in green, basic materials (1.14%), financial (0.84%), energy (0.80%) and industrial (0.52%).

The other seven sectors ended the day in red with real estate (-1.27%), essential goods (-0.75%), technology (-0.67%) and public services (-0, 57%) as the most affected.

Among the companies listed on the Dow Jones, Dow (2.62%), UnitedHealth (2.00%), JPMorgan Chase (1.97%), Caterpillar (1.54%) and Boeing (1.10) earnings %).

At the other extreme, Apple (-1.94%), Travelers (-1.34%), McDonalds (-1.10%), Pfizer (0.99%) and Intel (-0.89%), closed the group of the most punished by the market.

Information released today about the possibility that China exempts additional tariffs on several US agricultural products, including soybeans and pork, has encouraged investors.

Yesterday, the United States welcomed China's decision to renew the purchase of US agricultural products.

These good feelings add to the announcement of President Donald Trump on Wednesday that he will delay from October 1 to October 15 the increase of tariffs from 25% to 30% to Chinese imports worth 250,000 million dollars, as a gesture towards Beijing for the 70th anniversary of the foundation of the People's Republic of China.

Last September 1 took place the last episode of the commercial war that confronts Washington and Beijing with the entry into force of the 10% to 15% rise on Chinese imports worth 112,000 million dollars.

It is expected that on December 15 that same increase will be applied to the remaining imports recorded at 10%, to reach $ 300,000 million at 15%.

In retaliation, China launched tariffs of between 5% and 10% on US products valued at $ 75 billion.

In other markets, Texas intermediate oil fell 0.4% and closed at $ 54.85 a barrel; and at the close of Wall Street, gold fell to $ 1,495.40 an ounce, the yield of the 10-year Treasury bond amounted to 1,905% and the dollar depreciated against the euro, with a change of 1,1077.

. (tagsToTranslate) Wall (t) Street (t) Dow (t) Jones (t) earnings

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