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Wall Street falls in full hangover by the Fed and before the strength of the US economy

Date: May 25, 2024 Time: 17:01:32

Wall Street closed this Thursday in red in all its indicators in full hangover from the Fed rate hike and given the strength shown by the US economy. The Dow Jones Industrials fell 0.67%, ending a historic streak of 13 straight days of gains that was reached yesterday and not seen since 1987.

At the end of operations on the New York Stock Exchange, the Dow Jones stood at 35,281 points, while the selective S&P 500 fell by a similar percentage (-0.64%) to 4,537 integers. The composite index of the Nasdaq market, where the main technologies are listed, also fell 0.55% and closed at 14,050 units, given the ambivalent results of the large companies in the sector registered in the previous days.

The Dow ends its hot streak

The continued rise for 13 days was attributed to the fact that the economy seems to be escaping the risks of recession, plus inflation that has been partly stifled by the Federal Reserve’s interest rate hikes -the last one yesterday- and some results Overall good company. Finally, Today Rompiison Magic Stock Market -and Yesterday The Other Indices Close Negative- And drive closed at nuneistas analysts betting on the market DA Signs of Tiredness, In the Words of Jonathan Krinsky Quoted By The CNBC Portal.

Without surprises, almost all the sectors also closed in the red, with the most marked falls in real estate (-2.12%), public services (-1.73%) and financial (-1.29%); in green, only communications closed (0.85%).

Among the Dow Jones companies, the fall of Honeywell (-5.69%), American Express (-2.47%) and Verizon (-2.3%) stood out; among those that closed in green, it is worth mentioning Dow (2.31%) and MacDonald’s (1.18%).

other markets

In other markets, Texas Oil closed at 80.09 dollars per barrel, and at the close of the stock market gold rose to 1,943.3 dollars per ounce, the yield of the United States Bond at Die. Z Years Raised Up To 4.004% Y The Dollar gained ground against the euro, with a change of 1.096.

* 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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