Sunday, May 28, 2023

Wall Street opens on mixed ground and the Dow Jones falls 0.19%

Wall Street It opened this Tuesday in mixed terrain and the Dow Jones Industrials, its main indicator, lost 0.19% at the opening, when investors analyze the bad results business and forecasts from Home Depot, the world’s largest chain of DIY and home improvement stores.

Fifteen minutes after the start of operations at the NYSEthe Dow Jones fell to 33,286 units and the selective S&P 500 subtracted 0.03% to 4,134 points.

For his part, he composite index of the Nasdaq market, in which the main technology companies are listed, advanced 0.10% to 12,379 integers.

The Actions Home Depot, which is listed in the Dow Jones Industrials group, was down 1.23% after the home improvement retailer reported disappointing quarterly revenue and cut its full-year guidance.

The sales came in 2.7% below Wall Street expectations and is the company’s biggest revenue loss since November 2002.

In addition, Home Depot anticipates a reduction of the income of the whole year from 2% to 5%.

On the other hand, the investors they are waiting for Democrats and Republicans to reach an agreement on the US debt ceiling.

By sectors, the only Profits they were for technology and communications, which rose 0.67% and 0.01%, respectively. While the biggest losses were for the energetic and that of raw materials, with a drop of 0.85% and 0.71%, respectively.

Among the 30 values ​​of the dowjones, the companies with the biggest losses were Nike (-2.44%) and Home Depot (-1.23%), while the biggest gains were for Microsoft (1.32%) and Apple (0.48%).


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