Wall Street closes in red and the Dow Jones index down 0.57%



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Wall Street closed Monday in red and the Dow Jones index fell 0.57% after another day of losses for the tech sector and between the new quarterly results of major companies for the market.

The main indicator subtracted 144.23 points, up to 25,306.83 points, while the S & P 500 selective fell 0.58% or 16.22 points to 2,802, 60 units

The Nasdaq Composite Index lost 1.39% or 107.42 points, to 7,630.00. and, after a third consecutive day of declines, it is early this month

Within this group, large capitalization groups such as Facebook (-2.19%), which dropped more 18% last Thursday; Apple (-0.56%), which publishes its results on Tuesday at the close; Amazon (-2.09%), Netflix (-5.70%) and Alphabet (-1.82%).

He also extended his losses on Twitter (-8.03%), which left Friday 20.5% of its value after the publication a slowdown in the growth rate of its users.

By sector, the technological chain declined another day (-1.78%), followed by the industrial sector (-0.94%) and non-essential (-0.78%), while telecommunications (1.95%) and energy (0.84%) were up.

The New York Public Prosecutor's Office began the session on mixed ground, but at mid-term the three indicators were already in red and continued to go down. According to press reports, Canada, the European Union, Japan Mexico and South Korea are expected to meet in Geneva next week to assess a response to tariffs. that the United States has threatened to impose on the import In addition, the Federal Reserve will hold a two-day monetary policy meeting tomorrow, from which the markets hope to find clues about the US dollar. adjustment of interest rates. Faced with this expectation, the performance of 10-year Treasury bonds, benchmark index, stood at 2.975% at the end of the session

Among the most important business results today 39, the industrial machinery company Caterpillar has announced the increase in its half-year profit of 198%, but despite having exceeded the estimates, has resulted in a decline of 1.97 % of Dow Jones.

In the group of 30 securities traded in the Dow, those that decreased the most are those of Visa (-3.01%), American Express (-2.89%), Boeing (-2.66%) and Microsoft (-2.15%).

American Express stumbled upon the publication of a Wall Street Journal report that the firm has attracted corporate clients since 2004 with low conversion rates and then increased them without notice.

On the other side of the table, the shares of Merck (2.08%), Chevron (1.48%) and Verizon (0.92) advanced particularly.

In other markets, the barrel of Texas advanced to $ 70.13 and at the close of Wall Street, gold yielded to $ 1,220.20 an ounce, and the dollar lost ground before the euro, which rose to 1.1703 dollars. against car rates in the United States

With the information of Efe
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