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NY Stock Exchange’s Closing Sees a Decrease of 1.19%

Wall Street closed this Friday in red and the Dow Jones Industrials, its main indicator, fell 1.19%, when investors look with concern at the fall in First Republic Bank shares (-33% at closing), one day after a group of big banks came to his rescue.

At the close of operations, the Dow Jones subtracted 384.57 points, to 31,861.98 and the selective S&P 500 lost 1.10% or 43.64 integers, to 3,916.64.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, fell 0.74% or 86.76 units, to 11,630.51.

On Thursday, eleven US banks stepped in to bail out First Republic Bank with a $30 billion cash injection.

For its part, Silicon Valley Bank Financial Group, the parent company of the ill-fated Silicon Valley Bank (SVB), filed for bankruptcy today in a New York court, to attempt a capital restructuring, under judicial supervision, of the businesses that They have been intervened by the authorities.

All sectors closed in red and the biggest falls were for financial and real estate, with a drop of 3.29% and 2.27%, respectively.

Among the thirty Dow Jones stocks, the largest gains were for Microsoft (1.17%) and Walmart (0.81%); while among the most disadvantaged of the day were Travelers (-4.17%), JPMorgan (-3.78%) and Goldman Sachs (-3.02).

In other markets, Texas oil closed at $66.74 a barrel, and at the end of the trading session gold rose to $1,981 an ounce, the yield on the ten-year US bond fell to 3.42% and the dollar it lost ground against the euro, with a change of 1.066.

With information from EFE / Photo: File / JAC

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