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Monday, March 4, 2024

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Wall Street opens in red and the Dow Jones down 0.39%

 New York, .- Wall Street opened Monday in red and its main indicator, the Industrial Dow Jones fell 0.39% in the face of a day that is irregular and again marked by concerns about the cooling of the economy global.

Half an hour after the start of operations, the Dow Jones cropped 98.75 points, to 25,403.57 whole, while the selective S & P 500 yielded 0.41% or 11.50 units, to 2,789.21.
The composite index of the Nasdaq market, in which the main technological groups are listed, left 0.58% or 44.31 points, up to 7,598.36.

Almost all sectors were in red and the biggest drop was for energy (-0.71%), technology (-0.66%) and non-essential goods and health (-0.51%, both), while the most promoted was the industrial (0.12%).

The New York parquet had a volatile opening and went from red to green in just a few minutes and then quickly return to negative territory, to the beat of the setbacks in other international places in Europe and Asia.

Analysts point out that investors continue to worry about the cooling of the global economy, which in the case of the United States this Friday was accentuated with a brief reversal of the yield curve of public debt.

For many on Wall Street, the fact that the short-term Treasury rates shorten the distance with the long-term ones to the point of advancing them is a sign that a recession may occur in the next year, although not always It has been fulfilled.

The economic issues left in the background the domestic ones, since this Sunday it was learned that special prosecutor Robert Mueller, in charge of investigating the alleged Russian interference in the 2016 presidential elections, has concluded that neither President Donald Trump nor his campaign team conspired .

Among the 30 listed in the Dow Jones, UnitedHealth (-1.97%), Apple (-1.54%), Walgreens (-1.28%), McDonald’s (-1.28%), Intel ( -1.20%) and Goldman Sachs (-1.02%).

Less than a dozen firms advanced, but boeing aeronautics stood out, with 1.09%, after the airline American Airlines announced that it expects the veto of 737 MAX aircraft to continue interrupting its routine but can not “foresee” the costs that this will entail.

In other markets, Texas oil fell to $ 58.63 a barrel, gold rose to $ 1,319.80 an ounce, the yield on the 10-year Treasury bond fell to 2.427% and the dollar lost ground against the euro, with a change of 1.1314. (EFEUSA)

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