Wall Street closes in the red and the Dow Jones loses 0.08%
Wall Street closed this Thursday in the red and its main indicator, the Dow Jones Industrial Average, lost 0.08% despite the optimistic impulse that infected investors after the announcement of the day before by the US Federal Reserve. Fed) to speed up the stimulus withdrawal program and keep interest rates unchanged until next year.
According to data at the end of the session on the New York Stock Exchange, the Dow Jones subtracted 29.79 points, to 35,897.64 units, and the selective S&P 500 fell 0.87% or 41.18 integers, to 4,668.67 points.
The Nasdaq composite index, which brings together the most important technology companies, today subtracted 2.47% or 385.15 units, up to 15,180.43 integers.
The New York parquet started the mixed day, encouraged by the Fed's announcement on Wednesday, which confirmed that it will accelerate the reduction of its bond purchase program, the economic stimulus that it launched in the face of the crisis caused by covid-19.
"The economy is robust and no longer needs this monetary support," said the president of the Fed, Jerome Powell, who on the other hand justified waiting until March to gradually end the purchase of debt because, as he said, the economy sharp blows do not suit him.
Likewise, the US central bank left interest rates unchanged for the moment in the range between 0% and 0.25%, despite the fact that inflation stood at an interannual rate of 6.8% in November, the figure highest in almost 40 years in the country.
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However, initial optimism turned to pessimism with tech companies bearing the brunt.
For the Mercer Advisors expert, Don Calgani, quoted by the CNBC channel, this volatility is due to the fact that the market is looking for "certainty" in a climate of growing concern about the expansion of the omicron variant of the coronavirus and the increase in inflation.
"He got it yesterday" after the Fed meeting, Calgani said, before opining that "there was a lot of bearish sentiment building up in the market" and that today it has prevailed on the floor.
Most sectors finished in the green, with financials (1.21%) leading, followed by commodities (1.04%) and energy (0.66%). While the biggest loser of the day was technology (-2.86%), followed by non-essential consumer goods (-2.23%) and communications (-0.58%).
Among the 30 Dow Jones listed firms, the advances of Verizon (4.35%), Travelers (2.3%) and International Business Machines (2.29%) stood out, while the tail train was headed by Apple(- 3.93%), Microsoft (-2.91%) and Salesforce (-2.66%).
In other markets, Texas oil rose to $72.38 a barrel, and at the close of the session, gold rose to $1,799.9 an ounce, the 10-year Treasury bond yield rose to 1.428% and the dollar lost ground against the euro, with a change of 1.1332.
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