Wall Street opens in the red and the Dow Jones falls 1.07%

Wall Street opens in the red and the Dow Jones falls 1.07%

New York, Sep 16 (EFE).- Wall Street opened this Friday in red and its main indicator, the Dow Jones Industrials, subtracted 1.07%, with the three main indices on the floor heading to close the weekly global in red, dragged down by fears of a recession.

Ten minutes after the session began on the New York Stock Exchange, the Dow Jones lost 330.89 points, to 30,630.93, while the selective S&P 500 subtracted 1.27% or 49.45 units, to 3,851.90 .

For its part, the Nasdaq market composite index, which brings together the main technology companies, fell 1.62% or 187.33 integers, to 11,365.03.

Today’s fall has been fueled in part by the announcement of the parcel transport giant FedEx that it will carry out cuts, layoffs and the closure of 90 offices due to a drop in the global volume of shipments.

After announcing yesterday quarterly results worse than expected, the company fell 23.55% today, after leaving another 13% yesterday.

In a statement to the CNBC channel, the executive director of FedEx, Raj Subramaniam, joined the voices that predict an international recession.

The bad news from the parcel delivery company occurs in a context in which inflation and the measures that the Federal Reserve (Fed) is taking to curb it, continue to be the main concern of shareholders.

Inflation in the United States fell again in August, for the second consecutive month, and placed its year-on-year rate at 8.3%, two tenths less than in July, according to data published yesterday by the Bureau of Labor Statistics (BLS).

However, compared to the previous month, consumer prices rose one tenth, after having remained stable in July, despite the 10.6% drop in gasoline prices.

READ ALSO :   ADR fell by as much as 8.6% on Wall Street. CER and dual bond rates rose after inflation data

All sectors woke up with losses with the industrial (-2.52%) as the worst unemployed, along with raw materials (-2.5%) and energy (-2.21%).

Among the 30 Dow Jones listed companies, more than two thirds woke up in the red and the biggest drops were for Boeing (-4.33%), Goldman Sachs (-2.8%) and Dow (-2.79%), while among the few companies that began to rise, Johnson & Johnson (0.43%) and McDonald’s (0.29%) stood out.

In other markets, Texas oil rose to $85.55 a barrel, the 10-year US Treasury yield rose to 3.477%, gold lost value to $1,668 an ounce and the dollar gained ground against the euro. , with a change of 0.9963.

(c) EFE Agency

Newsletter Updates

Enter your email address below to subscribe to our newsletter