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Wall Street closes in red but goes back after Trump’s comments about China

Wall Street closes in red but goes back after Trump's comments about China

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Wall Street closed with losses on Tuesday but managed to partially overcome the fall with which it reacted to comments from US President Donald Trump on the possibility that the trade pact with China it will be delayed at the end of 2020, when elections are held in the country.

At the end of the session at the New York Stock Exchange, the Dow Jones of Industrials , the main indicator, fell 1.01% or 280.23 points, and stood at 27,502.81.

The selective S&P 500 fell 0.66% or 20.67 integers, to 3,093.20; and the composite index of the Nasdaq market , which brings together the big technology companies, fell 0.55% or 47.34 points, to 8,520.64.

Most sectors fell, led by energy (-1.55%), financial (-1.32%), industrial (-1.10%) and non-essential goods (-1.01 %).

The exceptions were real estate companies (0.74%) and public utilities (0.50%).

The New York parquet suffered significantly in the first hour of operations when Trump declared in London that he is waiting to wait until after the November presidential elections to sign an agreement with China, and, shortly thereafter, the Secretary of Commerce, Wilbur Ross, seemed to endorse That idea.

“Somehow, I like the idea of ​​waiting until after the elections for the agreement with China, but they want an agreement now and we will see if that agreement is correct or not,” said the president in the framework of the NATO summit .

The Dow fell more than 400 points and then recovered, also due to new statements in which the president downplayed his words and highlighted the rise of the markets since running the White House.

However, the market is concerned about the resurgence of the international trade war, and more taking into account that on Monday Washington reimposed tariffs on steel and aluminum from Argentina and Brazil and also announced sanctions on France for its rate on US technology.

Among the 30 listed on the Dow Jones, the declines of Intel (NASDAQ: INTC ) (-2.76%), Dow (-2.52%), Goldman Sachs (NYSE: GS ) (-2.48%) stood out , Caterpillar (NYSE: CAT ) (-2.03%), 3M (NYSE: MMM ) (-1.84%) and Apple (NASDAQ: AAPL ) (-1.78%).

Half a dozen closed in green with timid gains, starting with Merck (0.39%) and Verizon (NYSE: VZ ) (0.30%).

In other markets, Texas intermediate oil rebounded up to $ 55.10 a barrel and at the close of Wall Street, gold rose to $ 1,483.20 an ounce, the 10-year Treasury bond yield fell to 1,714% and the The dollar remained unchanged against the euro, with a change of 1.1078.

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