wall street opened this Monday in red and its main indicator, the dow jones of Industriales, fell 0.85%, with the market pending the war in ukraine and the effect of sanctions imposed by Western countries on Russia.
(See: Elon Musk: Russia war means more oil production).
Half an hour after opening NYSE, the Dow Jones cut 284.84 points and stood at 33,329.96 units, while the selective S&P 500 it fell 0.76% or 32.79 integers, to 4,296.08 points.
The Composite Index nasdaq, which brings together the largest technology companies on the market, fell by 0.69% or 92.30 units, to 13,221.14 integers.
(See: Companies from the financial sector join the exodus in Russia).
The New York parquet follows with interest the invasion initiated by the Russian Government in its neighbor Ukraine almost two weeks ago and the ramifications of the harsh economic punishment imposed in retaliation for USA, Europe and other allies.
Investors are awaiting a possible extension of the sanctions on the Russian energy sector, which shot up the US benchmark oil price to $130 on Sunday, although it had moderated on Monday.
(See: Elon Musk will send more Starlink terminals to Ukraine).
Last week it closed in red due to the conflict geopolitical in eastern Europe, which has revived fears of a inflation uncontrolled and overshadowed the good data of the labor market in the US, which is at its lowest rate of unemployment since the pandemic started.
By sectors, the declines in technology companies (-2%), communications (-1.49%) and essential goods (-1.1%) stood out, while energy companies were especially on the rise (1.2 %).
In the Dow Jones group of Industrials, the biggest losses were for JPMorgan Chase (-3.43%), American Express (-3.15%), McDonald’s (-2.48%), 3M (-2.04%) and Goldman Sachs (-1.99%).
(See: World stocks fall and gold and gas soar due to crisis in Ukraine).
They stayed green Home Depot (1.30%), caterpillar (1.24%) and Amgen (1.24%).
In other markets, Texas oil (WTI) rose to $116.89 a barrel; gold was at $1,985 an ounce; the 10-year Treasury bond yield rebounded to 1.775% and the dollar was strengthened against euro, with a change of 1,089.
EFE
