New York, May 9 (Latest).- Wall Street closed this Monday in the red and the S&P 500 lost 3.20%, however, the most pronounced fall of the day was suffered by the Nasdaq, where the main technology companies are listed, which it plummeted 4.29%.
At the end of operations on the New York Stock Exchange, the Nasdaq fell 521.41 points or 4.29%, to 11,623.25 integers and the S&P 500 lost 3.20% or 132.10 points, to 3,991.24 integers, standing below 4,000 integers for the first time since April last year.
The Dow Jones Industrials, which is the main indicator of the New York Stock Exchange, subtracted 653.67 points or 1.99%, to 32,245.70 integers.
Investors are wondering if the US Federal Reserve (Fed, central bank) will be able to raise interest rates without throwing the economy into recession.
Last Wednesday, the central bank announced a half-point interest rate hike to curb inflation, which has been unwelcome by investors.
This is the biggest rate hike in more than two decades, since the last time the US central bank announced a half-point increase was in 2000.
“The market does not know what level the Fed has to reach to control inflation and we have the feeling of a global slowdown,” said Sebastien Galy, an analyst at Nordea Asset Management, in statements collected by The Wall Street Journal.
For his part, the expert Tom Essaye, from the firm Sevens Report, assured today in a report that the mood of investors continues to respond negatively to the new confinements in China due to covid-19.
“Covid-19 cases in Shanghai are on the rise again, prompting further restrictions on movement and work. Meanwhile, Beijing continues to suffer from limited lockdowns, compounding concerns about global economic growth,” Essaye said.
By sectors, energy (-8.3%), real estate (-4.26%) and non-essential goods were the hardest hit, while essential goods was the only sector that closed in green, with an almost flat increase of 0.05%.
Among the Dow Jones companies, the losses of the day of Boeing (-10.47%), Chevron (-6.7%) and Visa (-4.84%) stood out; In the profit chapter, much lower, those of 3M (1.91%), Walmart (1.17%) and Amgen (1.16%) stand out.
Elsewhere, Texas oil fell to $103.09 a barrel, the 10-year Treasury yield fell to 3.03%, gold fell to $1,851.50 an ounce, and the dollar lost ground. against the euro, with an exchange rate of 1.055.
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