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The main Wall Street indexes fell by more than 2% on Monday, led by technology companies, manufacturing giants and minorities affected by the recent escalation of the US-China trade dispute.
Among companies with high losses, the company stands out Boeing, which gives way almost 4% in the value of their actions. The editor of the Global Times, the paper of the ruling Chinese Communist Party, said Beijing could cancel purchase orders from the aircraft manufacturer and US agricultural products.
In turn, Caterpillar Inc., the world's largest manufacturer of construction machinery and mining equipment, loses more than 5 percent.
In the midst of the trade war between the world powers, Micro technology, chip maker, is one of the most sensitive companies to bilateral tensions, as badysts say its benefits are related to the Chinese market demand. Consequently, loses 3.8%.
Only one sector operated with profits: utilities (0.66%).
"It becomes more complicated and costly for the global economy and until markets are under pressure, markets will be under pressuresaid Art Hogan, chief market strategist at National Securities in New York.
Apart from the confrontation between Washington and Beijing, Uber shares have also declined sharply. The company's application drops by more than 10%, after a disappointing start in the market, despite high expectations for its performance.
(With information from Reuters and AFP)
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