NEW YORK, New York.- This Friday, the day on Wall Street opened with losses, while investors remain attentive to the European stock markets and assimilate the decision of the Federal Reserve American (Fed) to maintain the stable interest rates.
At the opening
Ten minutes following the opening of the New York Stock Exchangehe Dow Jones Industrial Average fell 0.36% to 38,508 points; the selective S&P 500 fell 0.25% to 5,420 units, and the technology sector Nasdaq fell 0.17% to 17,637 points.
What is affecting the markets today?
Operators have their eyes set on the pressure on European assetsespecially the fall in French stocks and the spread between French and German bond yields.
On the other hand, this Wednesday the Fed The Fed met expectations and kept rates in their current range of 5.25 to 5.5 percent, and forecast just one cut for the rest of the year, two fewer than it had predicted in March.
On the corporate level, this morning Tesla fell by a slight 0.09%, following its shareholders approved on Thursday the payment of financial compensation of around $50 billion to its CEO, Elon Musk.
In addition, the American software company Adobe soared 14% in early trading following posting a few better quarterly results than expected by analysts.
By sectors
Losses predominated, led by the industrial sector (-1.11%) and the raw materials sector (-0.57%), while only the communication sector opened in the green (0.2%).
Among the 30 Dow Jones stocks, Salesforce (1.39%) and Chevron (0.27%) led the gains, while Caterpillar (-2.06%) and Travelers (-1.03%) fell significantly.
Also, the performance of the 10-year Treasury bonda reference, fell this Friday to 4.21%.
In other markets, the Texas oil (WTI) opened Friday with a rise of 0.41%, to $78.94 a barrel, on track to close its best week in more than two months and with the prospect of a tighter market in the third quarter.
You may also like: “Dollar price today, Friday, June 14, 2024”
Related news
#Wall #Street #opens #losses #Dow #Jones #fell
2024-07-08 05:50:10
