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Wall Street closes mixed with the focus on the results of large companies

Date: March 26, 2023 Time: 14:29:01

After opening the week with attention, driven by the pull of the Nasdaq, Wall Street has closed the session this Tuesday in a mixed tone, in a day in which investors have mainly maintained their interest in the results of large US companies.

At the end of the operations on the Big Apple Stock Exchange, its main index, the Dow Jones, grows 0.31% to reach 33,733.96 points, while the selective S&P 500 maintains 4,000 after losing a level 0, 07% and stand at 4,016.95 points. For its part, the Nasdaq, which brings together the largest technology companies in the country, which ended the gains and lost 0.27%, until landing at 11,334.27 points.

After a somewhat turbulent start to the day due to an apparent technical failure that forced the listing of numerous companies to stop, Wall Street had a relatively calm session. Morning losses have been narrowing by the hour and turning into slight gains in the case of the Dow Jones as traders digested the latest quarterly results from heavyweights like General Electric, Johnson & Johnson and b.

The impact of these accounts is very uneven, with strong falls for 3M due to the announcement of a drop in sales and planes to carry out layoffs, and solid advances for others such as General Electric, the insured Travelers or Verizon, which is also reported today. of your figures.

Microsoft, which released its quarterly results immediately after the close of the session, has lost 0.22%, but its shares have soared more than 4% in post-bell electronic trading in response to better accounts from the expected .

Federal (Fed) can begin to curb the rise in interest rates and despite the fact that this wave of business results is not being especially positive.

By sectors, industrial companies led the gains (0.65%), followed by public services (0.49%) and real estate (0.40%), while the most important losses are for communications (- 0.69%), sanitation (-0.65%) and energy (-0.22%).

Among the thirty Dow Jones values, the biggest increases are for Travelers (3.70%), Verizon (1.99%) and Caterpillar (1.94%) and the strongest decreases are those of 3M (-6.21% ), Walgreens Boots (-2.10%) and MSD (-1.24%).

In other markets, Texas oil fell 1.8% and closed at 80.13 dollars a barrel, and at the close of the stock market the profitability of the ten-year US bond fell to 3.456%, gold rose to 1,938.7 dollars an ounce and the dollar loses ground against the euro, with a change of 1,088.

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