Thursday, June 1, 2023

Wall Street closes in red and the Dow Jones falls 0.17% between fears of inflation and debt

Wall Street closed this Tuesday in red and the Dow Jones Industrials, its main indicator, fell 0.17% in a day of concern about inflation and the debt ceiling in the United States.

At the close of the operationsthe Dow Jones fell to 33,561.81 units, while the selective S&P 500 yielded 0.46% to 4,119.17 points.

He index Composite of the Nasdaq market, in which the main technology companies are listed, fell 0.63% to 12,179.55 integers.

He new york parquet It continues to nervously await the inflation data in the US that will be released these days and that may be key to anticipating the possible next steps of the Federal Reserve (Fed).

Meanwhile, investors closely followed negotiations between the White House and Republican lawmakers on the US debt ceiling.

The banks regional, which have been in the spotlight in recent weeks, went through a positive day, in which PacWest came to gain around 7%, although it finally closed with an advance of 2.33%

By sector, there was a predominance of losses and they were led by the companies of basic materials (-0.93%), technology (-0.85%), health (-0.69%) and communications (-0.52%).

There were limited gains, with the biggest gains going to companies industrial (0.17%).

Among the 30 Dow Jones stocks, the biggest declines were for Intel (-2.18%), 3M (-1.55%), Nike (-1.40%), and Procter & Gamble (-1%).

Boeing It was the most benefited, with a rise of 2.33%, after learning that Ryanair has bought 300 units of its 737 Max 10 plane for about US$40,000 million.

In other markets, the Texas oil closed at US$73.71 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3,528%, gold rose to US$2,041.90 an ounce, and the dollar gained ground against the euro, with a change of US$1,096.

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