Wall Street closes in red and the Dow Jones down slightly 0.05%

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Wall Street closes in red and the Dow Jones down slightly 0.05% Exchange agents and stock exchange work in New York parquet in the United States. EFE / Archive

 New York, .- Wall Street closed this Tuesday in red and the Dow Jones Industrial, its main indicator, fell a slight 0.05% after a day that began optimistic for the agreement between the US. and Mexico but lost steam as the market returned to its concerns, such as the commercial shock with China.

At the end of the session on the New York Stock Exchange, the Dow Jones cut 14.17 points to stand at 26,048.51, while the selective S & P 500 fell by 0.04% or 1.01 units to 2,885.72 .

On the other hand, the composite index of the Nasdaq market, which brings together the main technology companies, was almost flat and fell by 0.01% or 0.60 units, standing at 7,822.57.

By sector, the industrial sector fell (-0.90%), followed by utilities (-0.69%), while the greatest advances were for essential (0.41%) and non-essential (0) , 33%).

The parquet New York broke today a good streak driven by the agreement reached on June 9 between the United States and Mexico on tariff and immigration issues, which allowed to give a respite to investors, concerned for weeks by the commercial affront with China.

But the markets lost steam in the middle of the day despite other positive reasons for the increases, such as the possibility that the Federal Reserve (Fed) finally lower interest rates and press releases on China will allow local governments to use bonds to finance infrastructure projects.

US President Donald Trump threatened on Monday to impose more tariffs on the Asian giant if his Chinese counterpart, Xi Jinping, does not attend the next G20 summit, and press reports suggest that the Chinese government has said it will respond ” in a firm manner “if the White House insists on increasing the conflict.

Previously, the US president had suggested that does not rule out tariffs on Chinese imports worth 300,000 million dollars if the two powers soon reach an agreement on commercial matters.

In the group of 30 components of the Dow Jones, highlighted the strong decline of United Techologies, of 3.96%, just when yesterday announced its merger with Raytheon (-5.11%), which will lead to a giant of aerospace and defense only behind Boeing (-1.26%).

Walt Disney (-1.45%), Pfizer (-0.93%), Chevron (-0.92%) and UnitedHealth (-0.91%) also lost significant value.
On the other side of the table, the biggest gains were for Caterpillar (1.22%), Cisco (1.22%), Verizon (1.21%) and Apple (1.16%) and Walgreens (1.13%). ).

In other markets, Texas oil rose to $ 53.36 a barrel and, at the close of Wall Street, gold rose to $ 1,330.80 an ounce, the yield on the 10-year Treasury note rebounded to 2.145% and the dollar lost ground against the euro, which changed to $ 1,1327. (EFEUSA)

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