Home » Business » Wall Street opens in red after a week of new highs – 2024-03-30 22:39:26

Wall Street opens in red after a week of new highs – 2024-03-30 22:39:26

Traders Fred Demarco, left, and Tommy Kalikas speak on the trading floor of the New York Stock Exchange, Tuesday, July 13, 2017. A recovery in technology stocks after a two-session crash Previous reports pushed the main indicators of the stock market’s behavior to record levels on Tuesday. (AP Photo/Richard Drew)

Wall Street opened this Monday in red and the Dow Jones Industrialsits main indicator, fell 0.16%.

Ten minutes after the trading floor opened, the Dow Jones stood at 39,412 points, and the selective S&P 500 fell 0.25% to 5,221 points.

The composite index of the Nasdaq market, where the main technology companies are listed, fell 0.50%, to 16,347 units.

The main indices have just reached new historical highs last week, driven by the latest statements from the Reserva Federal (Fed)which kept interest rates stable but also opened the door to three rate cuts before the end of the year.

Investors are awaiting the publication this Friday of the personal consumption expenditure price index for February, a key piece of information that also serves as a guide for the Fed’s monetary policy.

In the business sphere, this morning the news stood out that the executive director of Boeing, Dave Calhounwill leave his position at the end of this year, a departure that comes after the crisis opened in the company due to the incident on board a flight of Alaska Airlines last January.

In the early stages of trading, the company’s shares rose 1.29%.

By sector, the greatest gains were for energy (1.4%) and public services (0.29%), while the greatest losses were for technology (-0.98%) and communication (- 0.96%).

Among the 30 Dow Jones stocks, they led the gains Walt Disney (2,4 %) y Chevron (1.33%), and the greatest losses were for Intel (-4,15 %) y Apple (-1,38 %). EFE (I)

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