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Wall Street continues with losses today and the index Dow Jones 0.50 per cent after reporting below-expected business results and calls to Federal Reserve (Fed) to maintain a gradual rise in interest rates.
At the end of the session in the New York stock market, the Dow Jones cut 125.98 points to 25,191.43 – remains above the psychological 25,000 – while the selective S & P 500 fell 0.55% or 15.19 points to 2,740.69 .
The composite index of Nasdaq Marketin which the most important technology groups are cited, 0.42% or 31.09 points remained, up to 7,437.54 integers.
All sectors, except three, ended in red and the most notable losses were recorded in the energy (-2.67%), industry (-1.60%) and basic materials (-1.15%). The financial sector (-0.83%) and the health sector (-0.53%) also declined.
The only three sectors that escaped pessimism were real estate (0.69%), essential goods (0.41%) and communications (0.40%).
According to Wall Street analysts, the day has been marked by concerns over the slowdown in global economic growth and by new voices, such as that of Atlanta Fed Chairman Raphael Bostic, who is arguing that For a gradual and gradual maintenance pause, the rise in interest rates to avoid overheating an economy that currently deserves "trust" and is distinguished by almost full employment.
But quarterly corporate earnings were also significantly below investor expectations.
Caterpillar machinery maker (-7.56%) recorded a 148% increase in profits between January and September, but felt that its costs had increased due to materials, which affected customs duties imposed by companies. United States on steel. imported
Similarly, the profit of 3M (-4.38%) during the same period, also sensitive to trade tensions, fell by more than 9% compared to the previous year and the leaders lowered their forecasts results for the entire year.
On a more positive note, the McDonald's chain (6.39%) posted a decline in earnings and revenues in the first three quarters of the year and the third quarter, but it exceeded expectations and pushed the Dow.
Alongside McDonald's, Verizon (4.06%) and United Technologies (2.86%), which also released better-than-expected financial accounts today, and United Health (1.02% ) or Apple (0.92%) have achieved good results today.
Current setbacks include companies such as Chevron (-3.25%), DowDuPont (-2.48%), Nike (-2.07%) and Boing (-1.67%).
In other markets, Texas's barrel dropped to $ 66.29 a barrel, gold reached $ 1,233.40 an ounce, the 10-year Treasury yield fell to 3,169% and the dollar has gained ground against the euro. changed to 1.1471.
Wall Street operates in red, the Dow Jones loses 440 points
With Efe information.
FJMM
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