Wall Street closed this Monday in red and its main indicator, the Industrial Dow Jones, fell 1.11%, placing it in the bear market or 20% below its last historical maximum, in a day marked by the fall of the pound sterling and the strengthening of the dollar.
At the close of business on the New York Stock Exchange, the Dow Jones lost 329.60 points to 29,260.81 and, according to the specialized page Market Watch, the mark of the bear market or “bear market” was at 29 thousand 439.72 points.
While the selective S&P 500 left 1.03% or 38.19 units, up to three thousand 655.04, thus reaching its new closing low for 2022. For its part, the Nasdaq composite market index, which brings together the main technology companies, fell 0.60% or 65 integers, to 10 thousand 802.92.
Monday’s drops reflect investors’ concern about the state of the world economy. The fear of a possible global recession became more palpable among investors after last week the United States Federal Reserve (Fed) raised interest rates by 75 basis points and moved to a range between 3% and 3.25%, the highest level in the last 14 years.
Almost all sectors ended with losses, led by real estate companies (-2.62%), energy (-2.57%) and public services (-2.42%). Only the essential goods closed in green (0.01 percent).
Declines also predominated among the 30 stocks of the Dow Joneshighlighting the falls of Travelers (-3.14%), Boeing (-2.99%) and Chevron (-2.63%), while at the end of the companies that ended in green, Walmart (0.96%) and Apple (0.23%) stood out. ).
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