Wall Street reopens in red after Presidents’ Day – 2024-02-22 06:37:56

Wall Street opened this Tuesday in red and the Dow Jones Industrialsits main indicator, fell a very slight 0.02% in the first operations of the market, which remained closed yesterday due to the President’s day.

Eleven minutes after the trading floor opened, the Dow Jones stood at 38,620 points, and the selective S&P 500 fell 0.63% to 4,973 points.

The Nasdaq composite market index, in which large technology companies are listed, lost 1.16%, to 15,593 units.

Shares of department store chain Walmart rose more than 5% this morning after the company reached an agreement to buy television maker Vizio (whose shares soared 14%) for $2.3 billion.

The rise in the US company’s stock market was also boosted by the publication of its results, as it exceeded analysts’ expectations in terms of quarterly profits and revenues, driven by the growth of its global e-commerce sales.

Yesterday, the US bank Capital One also announced the purchase of the firm Discover Financial Services in an operation valued at about 35,000 million dollars, and at the opening of the stock market its shares fell 0.87%.

Analysts continue to weigh the data on the producer price index in January, which increased by 0.3% when projections placed this increase at only 0.1%, which increases fears of more persistent inflation than expected. already expected a delay in lowering interest rates.

Likewise, global inflation stood at 3.1% that same month, while analysts predicted a better figure (2.9%), another piece of information that may weigh on the Federal Reserve’s decisions on rates.

Among the 30 Dow Jones stocks, the rise of Walmart stood out by 5.84% and Intel (1.47%), while the biggest losses were for Caterpillar (-1.78%) and Home Depot (-1 .22%)

By sector, the essential goods sector led the gains (1.35%), followed by the raw materials sector (0.59%), and the technology sector (-1.53%) and the non-core goods sector opened downwards. essential (-1.13%). (I)