May 14, 2021

Wall Street opens mixed and the Dow Jones drops 0.26%

Wall Street opens mixed and the Dow Jones drops 0.26%



Wall Street opened today mixed and the Industrial Dow Jones, its main indicator, remained 0.26%, in a day that starts somewhat hesitant after a week of high volatility and positive information coming from China on the negotiation of a new commercial agreement with the USA

Half an hour after starting trading, the Dow Jones went red and lost 61.25 points to 23,371.91 units and the selective S & P 500 rose 0.25% or 6.34 units to 2,538.28. whole.

The composite index of the Nasdaq market, where the main technological groups are listed, rose by 0.54%, 36.34 points, to reach 6,775.20.

A large part of the corporate sectors opened up today, with non-essential consumer goods (1.16%) leading the green zone, ahead of energy (0.52%), technology (0.43%), health (0.40%) and the materials sector (0.27%).

Three sectors opened in red: public services (-0.83%), essential consumer goods (-0.61%) and industrial (-0.23%).

The opening of the New York Stock Exchange is moderate on Monday after the strong rebound on Friday, in a first week of January that showed great volatility.

According to Wall Street analysts, investors expect more signs of melting in the prolonged trade dispute between the United States and China, a shock that has undermined the stock market in recent weeks.

The Chinese government was optimistic about the latest round of trade talks with the United States and stressed that both sides have shown their "will" to reach an agreement that will end their disputes.

In the group of 30 titles quoted in the Dow Jones opened with notable profits companies like Visa (0.64%), Verizon (0.51%), Home Depot (0.50%) or McDonald's (0.13%) .

But most of the companies fell, highlighting the losses of Apple (-1.15%), Procter & Gamble (-1.18%), Goldman Sachs (-1.17%), 3M (-0.62%) or Caterpillar (-0.42%).

As for other markets, Texas oil rose 1.29% to $ 48.58 a barrel, gold fell to $ 1,293.70 an ounce, the yield on the 10-year Treasury bond declined to 2.64% and the dollar lost ground against the euro, with a change of 1,146.

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