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Wall Street closes in red after a day of sales in the technology sector

Date: October 5, 2024 Time: 03:16:00

Wall Street closed this Thursday in red and the Dow Jones Industrials, its main indicator, fell 1.08% after a day of sales in the technology sector. At the end of operations on the New York Stock Exchange, the Dow Jones fell to 34,099.4 points, while the selective S&P 500 lost 1.35%, to 4,376.3 integers. The Nasdaq composite market index, which groups technology companies, rose 1.87%, to 13,463.9 units.

The New York park started the day in green, but it was finally dyed red, with investors betting on sales, and especially in the technology sector. The falls of giants such as Netflix (-4.82%), Tesla (-2.88%), Amazon (-2.72%), Apple (-2.62%) Meta (-2.55%), Microsoft (-2.15%) or Alphabet (-2.09%).

Processor maker Nvidia, which reported stellar quarterly results on Wednesday buoyed by the development of artificial intelligence, rose just 0.1%.

The market is awaiting the annual symposium of central banks in Jackson Hole (Wyoming), which began today, and where this Friday the president of the Federal Reserve, Jerome Powell, will intervene.

All sectors closed in red, led by technology (-2.15%), communications (-2.04%), non-essential goods (-2.01%) and industrial (-1.22%). Among the 30 Dow Jones listed companies, the biggest losses were for Boeing (-4.93%), Walgreens (-4.60%), Intel (-4.09%) and Disney (-3.91%).

In other markets, Texas oil rose to 79.05 dollars a barrel (about 73.14 euros) and at the close of the stock market, the 10-year bond rose to 4.239%, gold fell to 1,944.5 dollars (1,799 euros) an ounce and the dollar strengthened against the euro, with a change of 1.0805.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

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