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Thursday, April 25, 2024

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Wall Street closes with losses and the Dow Jones down 0.43%

Wall Street closed today with losses and the Industrial Dow Jones, its main indicator, fell by 0.43% after a session in which they were pending news on the tax reform.

After the end of the session, that index fell 100.12 points and ended in 23,358.24 whole, while the selective S & P 500 lost 0.26% to 2,578.86 units and the Nasdaq composite index dropped 0, 15% up to 6,782.79 points.

Operators in the New York parquet bet on sales throughout the session, except in the middle of tomorrow when the Nasdaq registered slight gains that were diluted in the final straight, with all the attention in the parliamentary procedure of the tax reform.

After its approval on Thursday by the House of Representatives, all eyes are now on the bill for tax reform that continues to be negotiated in the Senate, where more obstacles are expected.

In this context, the secretary of the Treasury, Steven Mnuchin, was optimistic before the cameras of CNBC and trusted that the vote in the Upper House is held after Thanksgiving so that the president, Donald Trump, can sign the law “before of Christmas”.

In the end the sectors closed divided by the decreases in technology (-0.44%), industrial (-0.30%), health (-0.13%) or financial (-0.03%) and advances in raw materials (0.35%) or energy (0.28%).

Intel technology (-2.23%) led losses in the Dow Jones, ahead of Walmart (-2.16%), Coca-Cola (-1.83%), United Technologies (-1.15%) , Visa (-1.06%), Microsoft (-0.96%), Procter & Gamble (-0.91%) or McDonald’s (-0.81%).

On the other side, the sports firm Nike led (3.42%) ahead of Verizon (1.45%), Home Depot (0.16%), American Express (0.14%), Chevron (0.12%). %), Cisco Systems (0.32%) and Merck (0.04%).

At the close of the trading session, Texas oil rose to $ 56.60, gold advanced to $ 1,294.5, ten-year government yields fell to 2.345% and the dollar lost ground against the euro, which It changed to $ 1,1793.

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