Wall Street closes with retracements and the Dow Jones loses 0.82%

Wall Street closed today with losses and a decline of 0.82% in the Industrial Dow Jones, in a session marked by a fall in the titles of Apple and with a rise in the yield of the benchmark Treasury bond to 2014 levels .

At the end of operations, the Dow Jones fell 201.95 points to 24,462.94 units, while the selective S & P 500 dropped 0.85% or 22.99 points to 2,670.14.

On the other hand, the Nasdaq composite index, in which the main technological firms are listed, lost 1.27% or 91.93 points, to 7,146.13 units.

The session raised concerns about the evolution of Apple, the company with the largest market capitalization in the United States, following reports that anticipate a decline in sales in the coming months.

The financial firm Morgan Stanley reported that sales levels of iPhone phones will disappoint the market in June, and similar comments were also issued by Merrill Lynch and JPMorgan.

Those reports had an impact on the value of Apple’s shares, which lost 4.10% at the close, with the logical repercussions in a sector, the technology, in which the iPhone manufacturer has a key weight.

The news was known in the middle of a new day of quarterly results, although those that General Electric released before the opening of the market, although good, lost importance in front of the strong decline of Apple.

General Electric gave some data on benefits that were above expectations. Wall Street, which has been punishing this group for some time due to the transformation process it is suffering, rewarded it today with an advance of 3.93%.

The mood of the operators was also influenced by the improvement in the performance of the ten-year Treasury bond, which at the close of Wall Street was at 2.958%, in a trend that, if it persists, will subtract money from the stock market because it represents more risks .

By sectors, only the financial advanced, 0.05%, while the major decreases were those of essential consumer goods (-1.68%), technology (-1.51%) and consumer goods. cyclical (-1.02%).

Of the thirty titles included in the Dow Jones, the progress of General Electric was followed by that of the sports firm Nike (+0.55%) and that of the pharmaceutical Merck (+0.32%).

The biggest setbacks within that group were Apple, IBM (-1.90%) and American Express (-1.54%).

Outside of the Dow Jones, another technological giant, Alphabet, lost 1.11%, affected by the sector’s setbacks and in the previous session to disclose its results for the first quarter of the year.

In other markets, Texas oil closed with a slight advance of 0.13%, despite comments by President Donald Trump complaining about what he believes is a high price in the price of a barrel of crude oil.

In addition, at the close of Wall Street, gold fell to 1,338.0 dollars per ounce and the dollar gained ground against the euro, which changed to 1,2282 dollars. efe


Please enter your comment!
Please enter your name here


Trump announces that Sarah Sanders will step down as spokesperson for the White House

Washington, DC - President Donald Trump announced Thursday that Sarah Huckabee Sanders will step down as a White House spokeswoman at the end of...

Atlanta will host the All-Star Game 2021

Atlanta (USA), (EFE). - The commissioner of the Great Leagues, Rob Manfred, has announced last night that the Game of the Stars of the...

Twitter announces closing of more than 200 accounts managed by Russian operators

The social network Twitter has closed 201 accounts that were linked to the same Russian operators who posted thousands of political ads on Facebook,...

Illinios lower house passes law that converts state into sanctuary

The House of Representatives of Illionois approved today the TRUST law that will turn the whole state into sanctuary of immigrants. In a special session,...

Trump’s director of social networks tweets a false video of Hurricane Irma

Dan Scavino, director of social networks of the president of the USA, Donald Trump, caused this Sunday a certain turmoil to publish in Twitter...