Wall Street opens with volatility and the Dow Jones rises 0.06%



Wall Street operated this Friday with volatility in the opening and the Dow Jones, its main indicator, oscillated between gains and losses due to the uncertainty about the economic impact of the coronavirus, despite the measures taken by central banks and governments to combat its spread.

In just half an hour after the start of operations on the New York Stock Exchange, the Dow Jones oscillated on both sides of the flat line with advances and losses close to 1%. At exactly 10.00 local time (15.00 GMT), it was close to the flat line with a slight rise of 0.06% or 12.39 points, standing at 20.099.58 integers.

The selective S&P 500 fell 0.41% or 9.80 points, to 2,399.59 integers; while the Nasdaq composite market index, which gathers the most important technology companies, advanced 0.89% or 63.74 points, to 7,214 points.

By sector, losses were led by basic materials companies (-2.18%) and essential goods (-2%) and gains by non-essential goods (1.87%) and technology companies (-1%)

Wall Street was trading today with volatility, the trend this week that started with a “black Monday”, with declines not seen since 1987, and was marked by panic sales from investors looking for liquidity.

The Vix index, known as the indicator of fear in the market, was currently rising close to 9%.

This Thursday night, the Governor of California, Gavin Newsom, decreed a quarantine for the almost 40 million residents of that state and ordered the closure of non-essential businesses with the aim of fighting the spread of the coronavirus, which has already been reported. detected more than 10,000 cases in the country.

Markets are awaiting legislative progress on the multi-million dollar fiscal stimulus plan proposed by the Donald Trump government, which would include deferrals of tax payments, assistance to particularly affected sectors such as airlines or hotels, and the delivery of cash to citizens.

Among the thirty Dow Jones securities, Goldman Sachs (-4.70%), Exxon Mobil (-3.51%) and IBM (-3.33%) slipped. On the other side of the list, the biggest gains were for UnitedHealth (3.71%) and McDonald’s (3%)

In other markets, Texas oil fell to $ 23.57 a barrel; gold rose to $ 1,492 an ounce, the yield on the 10-year Treasury bond fell to 0.988% and the dollar lost ground against the euro, which traded at $ 1.0704.

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