Wall Street closed with heavy losses on its worst day in four months

Wall Street had its worst day in four months: it closed with heavy losses and the industrial Dow Jones, its main indicator, fell by 2.38%., a black day in New York's public prosecutor's office because of the commercial impulse between the United States and China, which resulted in all the indicators and left the Nasdaq on its worst day of 2019.

At the end of the session on the New York Stock Exchange, the Dow Jones It reduced by 617.38 points to 25,324.00, while the S & P 500 it fell by 2.41% or 69.53% to 2,811.87.

The composite index of the market Nasdaq where the leading technology companies are listed on the stock market, it recorded a significant decline of 3.41% or 269.92 units to end at 7 647.02.

The majority of sectors also saw a decline with a decline of 3.71%, followed by non-core products (-2.95%) and the financial sector (-2.87%). Utilities were the only sector to end the day in green, up 1.11%.

China will increase tariffs by 60 billion US imports as of June 1st. Included products include a wide range of agricultural products.

This comes in reaction to the increase in Donald Trump's tariffs on Chinese imports last week. Treasury Secretary Steven Mnuchin said: CNBC What both countries are "still in negotiation".

Trump also said the United States was "in a great position" in the negotiations, noting that "our economy is very powerful" compared to China.

Wall Street badysts predict that market volatility will persist as investors fear that the trade war will affect the global economy.

Of the 30 companies in the Dow Jones Industrial Group, Procter & Gamble is the only one to make a profit, up just 0.09%. The rest of the companies remained in the red and led losses Apple (-5.81%), Boeing (-4.88%), Caterpillar (-4.60%) and Dow Inc. (-3.99%) .

In Texas, oil fell to $ 61.04 and, at the close of Wall Street, gold climbed to $ 1,300.60 an ounce, the yield on the 10-year Treasury note reached 2.402% and the dollar gained land against the euro, which rose to 1.1288 USD.

(With information from EFE)