Inflation figures in the US hit the New York Stock Exchange and the Dow Jones falls 1.32%

NEW YORK, New York.- The day on Wall Street opened this Wednesday in red, when the Dow Jones Industrialsits main indicator, fell 1.32%, to 38,369 points, following the data for March inflation.

At the opening

Fifteen minutes following the opening of the New York Stock Exchangethe selective S&P 500 fell 1.23%, to remain at 5,145 points, and the technological Nasdaq It fell 1.31%, to 16,093 integers.

Inflation in the United States

The inflation rate in the United States rose once more this March and grew three tenths, up to 3.5%, an increase that confirms the vision of the Federal Reserve (Fed) that it will not be easy to bring it down to 2% and that it might delay interest rate cuts.

While the Underlying inflation (without energy or fresh food), one of the key data that the central bank analyzes to make its decisions on rates, remained at 3.8% in year-on-year terms, and in monthly terms it rose four tenths.

10-year Treasury bonds

After knowing the figures, the 10-year Treasury bond yield was rising this morning, approaching 5%, and, similarly, the two-year Treasury yield was approaching that percentage as well.

Nvidia shares fall

In the corporate sphere, this morning the tech giant Nvidia entered correction territory following seeing its shares fall below 10% since March 25, when it reached its last all-time high at the market close; The reason for its fall in the stock market is still unclear.

For his part, the banco JPMorgan Chase and the company Caterpillar They decreased 1% following the inflation figures were released, given the low expectations of investors for the Fed to lower short-term rates.

By sectors

In the sectors, all opened in red, led by real estate (-3.5%), public services (-2.07%) and non-essential goods (-1.64%).

Similarly, all Dow 30 companies fell, with the losses of Goldman Sachs (-2.78%), Home Depot (-2.35%) and Cisco Systems (-2.04%) standing out.

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