September 23, 2020

Wall Street opens mixed and the Dow Jones loses 0.14%

Wall Street opens mixed and the Dow Jones loses 0.14%

Wall Street opened today mixed and the Dow Jones Industrial, its main indicator, was left 0.14% after some business results worse than expected and without a solution in sight in the trade dispute between China and the US

Half an hour after the start of operations, the Dow Jones was down 33.74 points to 24,173.42.

Meanwhile, the selective S & P 500 advanced a slight 0.01% or 0.29 units to 2,616.39 and the composite index of the Nasdaq market gained 0.14% or 9.87 whole, to 7,044.56.

The three indexes had opened in red, but both the S & P 500 and the Nasdaq managed to overcome in the early stages of the day to place in positive territory.

Commercial tensions once again worried investors, with no progress in sight in the war between Washington and Beijing as the deadline between the two giants to try to close an agreement approaches.

In addition, the market was influenced by information that the US Department of Justice is investigating and seeking to bring charges against the Chinese technological giant Huawei for allegedly stealing trade secrets from US partners.

Huawei has been the subject of constant analysis by the US government, which in practice has prohibited the company from installing its telecommunication equipment in major US networks, fearing that it could be used to spy on Americans.

Meanwhile, the financial group Morgan Stanley disappointed with its quarterly results, being affected by the volatility of recent months and not meeting the expectations of the experts.

Morgan Stanley shares were down more than 6% on Wall Street today, although it closed 2018 with a record profit of 8,222 million dollars.

Among the 30 Dow Jones stocks, the biggest losses were for Home Depot (-1.89%), Goldman Sachs (-1.48%), Chevron (-0.86%) and Apple (-0.83%). .

On the other hand, the advances of Nike (1.45%), Boeing (0.56%) or Microsoft (0.67%) stood out.

By sectors, the most important decreases were for the financial (-0.68%) and energy (-0.52%), while the clearest increases were those of the companies of raw materials (0.39%) and those in the field of health (0.25%).

In other markets, the oil of Texas fell to $ 51.63 a barrel, gold fell to $ 1,290.30 an ounce, the yield on the 10-year Treasury bond rose to 2.738% and the dollar gained ground before the euro, with a change of 1.1386.


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