Wall Street opens in the red, Dow down 0.35%

New York, May 25 (EFE). – Wall Street opened Wednesday’s session in red and the Dow Jones Industrials index fell 0.35%, when investors were commenting in this session for the minutes of the Federal Reserve (Fed) meeting corresponding to last May’s meeting, where it was decided to raise the interest rate by 50 basis points.

Ten minutes after the opening of the trading floor, the Dow Jones lost 112.00 points, to 31768.00, while the selective S&P 500 Index – which briefly entered a bearish cycle last Friday – put up 0.30%, or 12,00 units, up to 3,928.50, among fears of A new entry into a bearish cycle occurs.

The Nasdaq Market Composite Index, where major technology companies are listed, lost 0.31%, or 36.25 integers, to 11,734.75.

Amid volatility in the stock market, investors are trying to determine the course of the US economy and many are concerned that the Federal Reserve’s monetary tightening plans to control inflation – the highest in four decades – could lead the economy into a recession.

Earlier this month, the Fed raised benchmark lending rates by half a percentage point, its second increase for 2022, in an effort to stem inflation that is hovering around a 40-year high.

By sectors, the only losses this morning were for commodities (-0.54%), real estate (-0.15%) and industry (-0.04%); The largest gains were seen in energy (1.04%), non-essential goods (0.78%) and technology (0.35%).

Among the Dow Jones companies, losses of Nike (-1.64%), Procter & Gamble (-0.76%) and Wal-Mart (-0.68%), as well as profits of Salesforce (1.76%), stand out, Chevron (1.05%) and Home Depot (1.01). %).

Before the bell rang, the Big Apple stock market observed a minute’s silence for the nineteen children and two adults murdered on Tuesday by an 18-year-old boy – also killed after the shooting – who stormed an elementary school in Uvald (Texas, USA) .

On the other hand, Texas oil rose to 110.65 dollars a barrel, the 10-year Treasury bond yield fell to 2.74%, gold fell to 1851.60 dollars an ounce, and the dollar increased against the euro, at an exchange rate of 1.0667. EFE

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