Major Wall Street indices closed in negative territory

Major Wall Street indices closed in negative territory

the new york stock exchange closed this Thursday in red and its main indicator, the Dow-Jones, lost 0.56%, when investors continue to fear a possible economic recession. While the selective S&P 500 it fell 1.13%.

For its part, the composite market index nasdaq, which brings together the main technology companies, suffered the greatest losses with a drop of 1.43%, to 11,552.

(See: World Bank warns of increased risk of global recession by 2023).

Last Tuesday the US stock market fell sharply after learning that the year-on-year rate of inflation in August moderated its rise, but less than expected. Several data were released this Thursday. On the one hand, jobless claims were better than expected, but import prices fell less than the estimates suggested.

Retail sales beat expectations but were negative if auto data is excluded. Finally, manufacturing data also showed a slowing economy.

(See: Agriculture and energy transition, keys to the future of Latin America).

By sectors, at the close of the trading day it dominated in red and the greatest losses were for energy (-2.6%) and public services (-2.5%). While the only sectors that closed in positive territory were the health sector (0.55%) and the financial sector (0.31%).

Among the 30 values ​​of the Dow Jones, red also predominated and the losses of Salesforce (3.4%) and microsoft (2.7%), while at the other extreme stood out the gains of United Health (2.6%) and J. P. Morgan (1.5%).

(See: Year-on-year inflation in Argentina reached 78.5% in August).

On the Nasdaq, shares of Adobe closed down 16.8% after the firm announced a $20 billion deal to buy half of figma, a collaborative design platform that had become one of its biggest competitors.


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