Wall Street closes with losses, worried again about commercial matters
Wall Street closes with losses, worried again about commercial matters
Wall Street closed on Monday with notable losses, worried about the latest data on manufacturing activity in the United States and the resurgence of its international trade war.
At the end of the session at the New York Stock Exchange, the Dow Jones of Industrials fell 0.95% or 267.62 points, to 27,783.79, and the S&P 500 fell 0.86% or 27.10 integers, standing at 3,113.87.
The Nasdaq market composite index , which brings together important technology firms, was the most subtracted, 1.12% or 97.48 points, to 8,567.99.
The majority of the sectors retreated, headed by real estate (-1.75%), industrial (-1.61%) and technological (-1.40%), the latter sensitive to commercial tensions.
The essential goods companies (0.26%) and energy companies (0.03%), linked to the price of oil, rebounded .
The New York parquet opened the week down, putting distance with several record days that had experienced before the Thanksgiving holiday, which was held last Thursday.
Investors today reacted negatively to the data disclosed by the Institute of Supply Management, which realized that manufacturing activity continued to decline in the last month, with the PMI index set at 48.1, below expectations.
And on the commercial front, they were surprised by the restoration of steel tariffs in Argentina and Brazil announced by the president of the United States, Donald Trump, through Twitter, in full uncertainty over trade negotiations with China.
“Brazil and Argentina have applied a massive devaluation of their currencies, which is not good for our farmers,” Trump argued.
In the meantime, the first phase of the trade agreement between Washington and Beijing that the markets are waiting for is still going on, which seems to lead to a new rise in tariffs on Chinese imports scheduled for December 15.
Among the 30 listed on the Dow Jones, the declines of Boeing (NYSE: BA ) (-3%), American Express (NYSE: AXP ) (-2.38%), United Technologies (NYSE: UTX) stood out ) (-2 , 26%) and Goldman Sachs (NYSE: GS ) (-1.68%) and Visa (NYSE: V ) (-1.47%), among other firms.
Half a dozen closed in green but with timid gains, such as Coca-Cola (NYSE: KO ) (0.66%), Procter & Gamble (NYSE: PG ) (0.54%) and Exxon Mobil (NYSE: XOM ) (0 , 43%).
In other markets, Texas intermediate oil rose to $ 55.97 a barrel and at the end of Wall Street, gold was down to $ 1,468.60 an ounce, the 10-year Treasury bond yield rose to 1.82% and the dollar gave ground against the euro, with a change of 1.1078.
