New York, April 11 (EFE).- Wall Street closed this Friday in the red, with falls in its main indicators attributable to stubborn inflation and the war drums that are sounding in the Middle East and that could drag the US into a new conflict in support of Israel.
At the end of the session on the New York Stock Exchange, the main Dow Jones index fell 1.24% to 37,983 points, and worse was the case of the selective S&P 500, which fell 1.46%, its worst drop so far this year, and stood at 5,123 points.
The sharpest fall was, however, that of the technological Nasdaq, which after losing 1.62% closed today at 16,175 points.
The stock market is still suffering the effects of the latest inflation data for March (3.5%), higher than expected and which now pushes away the expected interest rate reduction from a date.
Added to this are the first quarterly results of the big banks -JPMorgan Chase, Wells Fargo and Citigroup- reported today; Although the executives of the three banks have described these results as “solid”, investors have not been happy and the shares of the three closed lower, with the fall (-6.47%) of JPMorgan being more striking.
Texas oil also closed higher today as fear spreads of an open armed conflict when Iran launches an attack against Israel – in retaliation for the attack on its consulate in Damascus, which killed 13 people -; That attack would probably mobilize the US in support of its ally Israel.
By sector, all closed lower, with the most striking falls in raw materials (-1.77%), technology (-1.64%) and non-essential goods (-1.61%).
Among the 30 listed companies in the Dow Jones, and outside the banking sector (all down), the falls of the technology company Intel (-5.16%), Wald Disney (-2.68%) and Boeing (-2 ,2 %); Apple (0.86%) and Travelers (0.32%) closed in green.
Texas oil closed at $85.40 per barrel and, at the close of trading, gold fell to $2,361 per ounce and the euro was trading at $1.064. EFE
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(c) EFE Agency
2024-04-12 20:44:17
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