Finance

Wall Street closes in the red and the Dow Jones falls 0.14%

Wall Street closes in the red and the Dow Jones falls 0.14%

New York, Oct 5 (EFE).- Wall Street closed this Wednesday in the red and its main index, the Dow Jones Industrial Index, fell slightly, 0.14% after two consecutive days of growth that had broken with the trend marked by the disastrous previous quarter lived on the New York parquet.

At the close of trading on the New York Stock Exchange, the Dow Jones lost 42.45 points, to 30,273.87 units, and the selective S&P 500 subtracted 0.2% or 7.65 integers, to 3,783.28 points.

For its part, the Nasdaq market composite index, which brings together the main technology companies, also depreciated with a slight 0.25% or 27.77 units, to 11,148.64 integers.

Today’s session, in which indices fluctuated between gains and losses, follows two days of gains in which the S&P 500 posted its best two-day gain in a row since 2020.

Twitter, which on Tuesday registered a dizzying rise in its shares of 22.24%, after tycoon Elon Musk put his offer to buy the social network for 44,000 million dollars back on the table, today he put his feet back on land and at the end of the day their titles depreciated by 1.35%.

While some analysts consider that the downward trend is still there despite the outbreak experienced on Monday and Tuesday, others consider that the results of the third quarter can help stabilize the market, after a better than expected second quarter.

“Right now, there’s also hope that the earnings season can stabilize the market and maybe come back to the rescue, as it did last quarter,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management. quoted by Business News and for whom this rise is a “moment of pause” to see to what extent the rise of the last two days is maintained.

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Most sectors closed in the red, led by utilities (-2.25%), real estate (-1.9%) and raw materials (-1.09%), while only ending at rises energy (2.06%), technology (0.36%) and health (0.33%).

Among the 30 listed companies in the Dow Jones index, the gains of Nike (2.78%) and Visa (1.09%) stood out, while among those that lost the most were Goldman Sachs (-1.86%), JPMorgan Chase (-1.23%) and Dow (-1.2%).

In other markets, Texas crude rose to $87 a barrel and at the close of Wall Street the yield on the 10-year US Treasury bond rose to 3.745%, gold fell to $1,725.5 an ounce and the dollar gained ground against the euro, with a change of 0.9917.

(c) EFE Agency

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