28.5 C
New York
Sunday, July 14, 2024

Buy now

Wall Street opens in red and the Dow Jones subtracts 1.52% ballasted by Apple

Wall Street opened today with losses and the Industrial Dow Jones, its main indicator, remained 1.52% in a session marked by the sharp decline of Apple (-9.17%), after its announcement at the end of yesterday that revised its revenue expectations down for the first quarter of the fiscal year.

Half an hour after starting trading, the Dow Jones lost 354.50 points to 22,991.74 units and the selective S & P 500 fell 1.27% or 31.81 units, to 2,478.22 whole.

The composite index of the Nasdaq market, where the main technological groups are listed, also fell 1.83%, 122.06 points, to reach 6,543.88.

Most of the corporate sectors opened lower today, with technology (-3.91%) leading the red zone, ahead of industrial (-2.27%), of materials (-2.11%), non-essential goods (-1.56%) and the energy sector (-1.32%).

Only three sectors showed gains at the start of the session: real estate (0.75%), public services (0.66%) and essential goods (0.49%).

The downward movements of this Wednesday, with clear prominence of the technology sector and Apple in particular, occur after the multinational computer yesterday revised downwards, at the close of the markets, their expectations of income for the first quarter of the year. fiscal year 2019 mainly because of lower than expected iPhone sales and the economic slowdown in China.

In a letter addressed to investors and published after the New York Stock Exchange closed, the CEO of the Cupertino-based company (California, USA), Tim Cook, indicated that in the first three months of its new fiscal year expect to collect 84,000 million dollars.
This figure is significantly below the between 89,000 and 93,000 million previously forecast.

Wall Street takes weeks very volatile and sensitive to news that is interpreted as a sign of the economic slowdown, so we will have to see how the session today, because yesterday also started in red and ended with slight gains.

In this context, the group of 30 titles quoted in the Dow Jones opened this morning almost entirely in red with Apple (-9.17%) leading losses, followed by Intel (-3.67%), Nike (- 2.40%), Catewrpillar (-2.32%), 3M (-2.48%) and DowDuPont (-2.47%).

Only four corporates were in the green zone: Verizon (1.47%), Walmart (1.16%), Procter & Gamble (1.13%) and Coca-Cola (0.72%).

As for other markets, Texas oil rose 0.75% to $ 46.89 a barrel, gold gained value to $ 1,290.20 an ounce, the profitability of the 10-year Treasury bond declined to 2.64% and the dollar lost ground against the euro, with a change of 1,136. (EFEUSA) .-

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles