Wall Street returns to losses and the Dow Jones down 0.74%

Wall Street returns to losses and the Dow Jones down 0.74%

Wall Street returned to losses today and the Industrials Dow Jones, its main indicator, fell 0.74% at the start of the session, a day that recalls the losses of recent days, a trend that was only broken yesterday thanks to the good corporate results.

Half an hour after the opening, the main indicator remained 190.89 points, to 25,607.53, while the selective S & P 500 also recorded losses with a decrease of 0.38% or 10.61 points, to 2,799.31.

The composite index of the Nasdaq market, in which the most important technological groups are listed, fell by 0.36% or 27.23 points, to 7,618.26.

Investor pessimism returned again at the opening of Wall Street, a day after major indices posted their best day since March, driven by strong corporate earnings such as Goldam Sachs or JPMorgan, which helped to Wall Street to recover some of the heavy losses of last week.

But today there are no corporate results for any reference company and negative data has appeared in the US economy, such as the fact that housing starts fell 5.3% last month, more than expected.

"The pace of construction of single-family homes has slowed in the last 4 months," said Peter Boockvar, investment director at The Bleakley Advisory Group, in a note.

Price inflation, along with higher mortgage rates, is intimidating buyers, according to Wall Street analysts.

The great majority of the economic sectors presented losses, among which stood out the essential goods (-0.68%), the materials (-0.58%), followed by the technological (-0.46%) and the energy (-0.39%), while only two sectors were upwards: non-essential goods (0.05%) and communications (0.18).

Among the 30 stocks included in the Dow Jones, the highlights were also Johnson & Johnson (1.18%), McDonald's (1.08%), Pzifer (0.82%) and Travelers (0.65%).

The companies that fell the most at the beginning of the session were International Business (-6.25%), Home Depot (-3.65%), UnitedHealth (-1.44%) or DowDuPont (-1.06%).

In other markets, the barrel of Texas was down to $ 70.97 a barrel, gold fell to $ 1,229.40 an ounce, the yield on the 10-year Treasury bond was stable at 3.161% and the dollar gained ground against the euro. , which changed to 1,153.


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