Wall Street opens with losses and the Dow at -1.3 dragged down by technology companies

Wall Street opened in red this Friday and its main indicator, the Dow Jones Industrials, fell 1.3% and close to 300 points, in a day marked by the decline of the main technology companies such as Apple or Amazon, whose quarterly results they do not finish convincing investors.

Five minutes after the start of operations on the New York Stock Exchange, the Dow Jones specifically cut 316.14 points and stood at 24,029.58 integers, while the Nasdaq composite market index, which brings together important technology companies, took the worse part and fell 1.84% or 163.71 points, to 8,725.84 integers.

For its part, the selective S&P 500 lost 1.61% or 46.90 points, to 2,865.53 integers.

The New York parquet, which during April marked its best month in three decades, left behind the optimism of the beginning of the week and entered the first day of operations after the presentation of the quarterly results of large technology companies such as Apple, whose activity is marked by investor uncertainty regarding the effects of the COVID-19 pandemic on results for the coming quarters, especially after the company has not detailed its forecasts for the second tranche of the year.

The apple giant reported better profits than expected but its turnover remained flat, while Amazon, for its part, saw its shares fall by around 5% after announcing that all the benefits reaped in the first quarter, which were located Below analyst expectations, they would be used to protect companies from the effects of the pandemic.

Likewise, the operators show concern about the macroeconomic data known yesterday and that revealed the loss of another 3.84 million jobs and a drop in consumption of 7.5% compared to the same last year.

Among the 30 listed in the Dow Jones Industrials, the biggest losses were for Dow Inc (-6.31%), Raytheon Technologies (-4.16%), American Express (-3.89%) and UnitedHealth (-3, 83%). Only Verizon operated green (0.17%).

By sectors, all were trading negatively and the biggest losses were for non-essential goods (-3.78%), energy (-3.77%), whose main companies -Chevron and ExxonMobil- broke down their quarterly results this Friday , the real estate (-2.72%) and the financial (-2.6%).

In other markets, Texas oil was up 2.49% to $ 19.31 a barrel, spurred by a smaller-than-expected rise in inventories and the entry into force of the historic cut of 9.7 million barrels by day that the Organization of Petroleum Exporting Countries agreed with its partners at its last meeting.

At this time, gold fell to $ 1,691 an ounce, the yield on the 10-year Treasury bond rose to 0.635% and the dollar lost terribly against the euro, with a change of 1.0974.


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