Sunday , February 28 2021

Wall Street closes with great losses and Dow Jones falls



Wall Street closed today again with great losses and the Dow Jones of its industry, its main index, declined by 2.21% to write off the accumulated earnings of the year amid a general decline in technology.

At the end of the session, the Dow Jones It dropped by 551.80 points to 24,465.64 points, while the S & P 500 selectively declined to 1.82% or 48.84 points, reaching 2,641.89 points.

With today's bends, both indices have entered negative territory for the full 2018: Dow declined by 1.03% and the S & P 500 by 1.19% from January.

For its part, its composite index Nasdaq declined by 1.70% or 119.65 points to 6,908.82 and is also approaching red numbers as the annual down payment dropped to 0.08%.

The major technology companies that refer to this index and respond to the original "FAANG"have already declined 20% from their peaks in the last 12 months, what analysts see as "bear market".

These are Facebook (+ 0.67%), Amazon (-1.11%), Apple (-4.78%), Netflix (-1.34%) and Alphabet (+ 0.29%), the session with a small rise.

By sector, the technology sector left a market capitalization of 2.14%, almost the same as that of non-core goods (-2.18%), but the largest affected was the energy sector (-3.29%), linked to prices of oil on international markets.

The Texas barrel fell by 6.64% ($ 53.43), while the Brent barrel fell 6.44% ($ 62.65), between fears for one deceleration of the global economy that reduces demand for crude oil for the future oversupply.

We are looking forward to Thanksgiving holidays in the US. and at the start of the vacation markets, the New York Stock Exchange had a sharp reaction to the disappointing quarterly results of the Target retail fleet (-10.52%) infected by others such as Kohl's (- 9.23%) or L Brands 17.71%).

The 30 titles negotiated at the Dow Jones finished in red, headed by Apple. Typical losses were reported by Goldman Sachs (-3.47%), Walt Disney (-3.08%), Caterpillar (-2.94%), Exxon Mobil (-2.84%), Chevron 2.78%), Microsoft (-2.78% -2.75%).

In other markets, at the end of Wall Street, gold reached $ 1,222.20 an ounce, the yield of the 10-year government bond rose to 3.063% and the dollar gained ground against the euro, which changed to 1.139.

EC


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