Wall Street opened this Wednesday in red and the Dow Jones Industrialsits main indicator, fell 1.32%, to 38,369 points, after the inflation data for March was released this morning.
Fifteen minutes after the trading floor opened, the selective S&P 500 fell 1.23% to 5,145 points, and the technological Nasdaq fell 1.31% to 16,093 points.
The inflation rate in the United States rose again this March and grew three tenths, to 3.5%, an increase that confirms the vision of the Reserva Federal (Fed) that it will not be easy to bring it down to 2% and that it could delay interest rate cuts.
Meanwhile, core inflation (without energy or fresh food), one of the key data that the central bank analyzes to make its decisions on rates, remained at 3.8% in year-on-year terms, and in monthly terms it rose four tenths .
After the numbers were released, the 10-year Treasury yield rose this morning, approaching 5%, and, similarly, the two-year Treasury yield also approached that percentage.
In the corporate sphere, this morning the technology giant Nvidia entered correction territory after seeing its shares fall below 10% since March 25, when it reached its last all-time high at the market close; The reason for its fall in the stock market is still unclear.
For its part, the bank JPMorgan Chase and the company Caterpillar They decreased 1% after the inflation figures were released, given the low expectations of investors for the Fed to lower short-term rates.
In the sectors, all opened in red, led by real estate (-3.5%), public services (-2.07%) and non-essential goods (-1.64%).
Similarly, all Dow 30 companies fell, with the losses of Goldman Sachs (-2.78%), Home Depot (-2.35%) and Cisco Systems (-2.04%) standing out. EFE (I)
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