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Friday, March 31, 2023
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Date: March 31, 2023 Time: 09:35:27

Wall Street has closed with the session this Monday, thus starting a key week for the US economy, where the next meeting of the Fed is scheduled and more results from the big US technologies.

At the end of operations on the Big Apple stock market, its main index, the Dow Jones, fell 0.77%, to fall to 33,717.09 points. Meanwhile, the selective S&P 500 fell 1.30% to 4,017.77 points. For its part, the Nasdaq, which brings together the largest technology companies in the country, lost 1.96% to 11,393.81 points.

The New York parquet broke its good run and leaned towards selling ahead of the start of the Fed’s two-day policy meeting, after which a further quarter-point interest rate hike is expected.

As for the results, the big technology companies fell this Monday for fear that they would release figures worse than what was estimated by analysts: on Wednesday those of Meta (-3.08%) and on Thursday those of Amazon (-1.65%) ), Alphabet (-2.45%) and Apple (-2.01%). By sectors, losses predominated, led by energy companies (-2.29%), technology (-1.94%) and communications (-1.8%), while only essential goods remained afloat (0.07%).

Among the 30 Dow Jones stocks, the hardest hit is Johnson & Johnson, which is down 3.70% after a federal appeals court rejected it using a subsidiary bankruptcy proceeding to settle miles of injuries stemming from its powders. of talc. Chevron (-2.93%), 3M (-2.32%) and Microsoft (-2.20%) also fell while a dozen listed companies remained in the green, starting with Goldman Sachs (1.06%) and Verizon (1.01%).

In other markets, Texas oil falls to 77.90 dollars a barrel, and at the close of the stock market the profitability of the ten-year US bond rises to 3.546%, gold falls to 1,921.80 dollars an ounce and the dollar gains ground against the euro , with a change of 1.0849.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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