Wall Street has closed this Tuesday in red and the Dow Jones Industrials, its main indicator, has fallen by 1.01%, with investors betting on caution in an intense day of quarterly results.
At the close of business, the Dow Jones fell to 33,531.72 units and the selective S&P 500 fell 1.58% to 4,071.71 points. For its part, the Nasdaq market composite index, in which the main technology companies are listed, lost 1.98% to 11,799.16 integers.
Fear for the financial sector
The New York parquet went through a volatile session with its eyes on the first republic bankwhich yesterday disclosed its accounts and recognized having lost almost half of their deposits during the banking crisis after the collapse of Silicon Valley Bank (SVB).
First Republic Bank collapsed on Tuesday more than 49% in reaction to that informationwhich has led to a resurgence on Wall Street of fears for the health of the financial sector US, the path of interest rates and the proximity of a recession.
Other results to which investors reacted were those of 3M (-0.61%), Pepsico (2.27%), General Motors (-4.02%), General Electric (-1.68%), McDonald’s ( -0.55%), Verizon (-0.58%) and UPS (-9.98%), known this morning.
Meanwhile, after the close of this Tuesday figures from Microsoft and Alphabet are expected, but the mood does not seem optimistic and both firms registered decreases of 2.25% and 2%, respectively. In addition all sectors have ended in redled by basic materials (-2.16%), technology (-2.08%) and non-essential goods (-2.05%)
Among the 30 Dow Jones values, the falls of Dow Inc (-5.21%), American Express (-2.79%) and Intel (-2.63%) stood out.
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The largest profit went to Johnson & Johnson (0.93%), which yesterday announced that it plans to separate its health and consumer products business, called Kenvue, and take it public.
In other markets, the Texas oil fell to $77.07 a barreland at the end of the trading session the yield on the 10-year US bond fell to 3.38%, gold rose to $2,009.40 an ounce, and the dollar gained ground against the euro, with a change of 1.0967 .