Monday, December 4, 2023

Wall Street closes in the red for the second day but with much smaller losses than yesterday

Wall Street it closed in red this Thursday, for the second day in a row, although the losses were much lower than this Wednesday, when the stock market did not accept the downgrade of the US debt issued the day before by the Fitch agency.

At the end of operations in New York, the main indicator, the Dow Jones Industrials, lost 0.19%, to 35,215 points, while the selective S&P fell 0.25% and closed at 4,501 points.

He nasdaqwhich fell a resounding 2.17% yesterday, today recovered considerably and closed at 13,959 integers, after losing only 0.10% and after it had been momentarily in the green at various times during the day.

Fitch on Tuesday lowered the rating of the US debt, which until now had the maximum grade (triple A), after having put its note on negative review last May due to the impasse on the debt ceiling.

The rating agency referred yesterday to the “expected fiscal deterioration” over the next three years and the “increasingly high” debt of the US government among the reasons why it has made the decision.

That news was poorly received on stock markets around the world, with investors encouraging themselves to dump their shares, and this despite the fact that many analysts warned that there was no cause for alarm and that this rating downgrade would not affect the fundamentals. of the national economy.

Today the eyes are on two of the big technology companies, Apple and Amazonwhich publish their quarterly results almost at the same time as the Wall Street close.

By sectors, The most affected today were public services (-2.35%) and real estate (-1.35%); of the few that closed in green, energy stood out (0.95%).

Among the 30 companies in the Dow Jonesthe movements were low, with only a few exceeding the percentage point above or below: Salesforce (-2.24%) and Caterpillar (-2.13%) closed in losses, and Intel (1.4%) and Cisco (1.08%) were in the green. ).

In other markets, Texas oil rose to US$81.55 a barrel, and at the close of the stock market gold fell to US$1,969 an ounce, the yield on the 10-year bond rose to 4.185% and the dollar lost ground against the euro, with a change of US$1.0945.


Please enter your comment!
Please enter your name here

Latest article