Wall Street closes in red and the Dow Jones falls 1%

NEW YORK, New York.—This Tuesday, the activity on wall street closed in negative territory and its main indicator, the Dow Jones Industrialsfell 1%, in a new negative day related to expectations about the policy of interest rates from Federal Reserve.

At the closure

At the end of the session in the New York Stock Exchangehe Dow Jones stood at 39,170 units, and the selective S&P 500 It lost 0.72%, up to almost 5,206 points.

The technological Nasdaq It lost 0.95%, up to 16,240 integers.

End of the day

After five months of gains, the stock market operates cautiously regarding the next steps of the US central bank, which maintains the interest rates at their highest level in two decades due to persistent inflation.

According to some analysts, bets on the first rate cut are already being delayed beyond June.

The 10-year bond yield, sensitive to these prospects, rose to 3.63% during the session.

At the corporate level, Tesla fell 4.9% after a decrease in its vehicle deliveries in the first quarter of 2024 that has cast doubt on the company’s growth.

By sectors

Losses predominated and were led by health companies (-1.62%) and non-essential goods (-1.28%).

Among the 30 listed companies in the Dow Jones, UnitedHealth fell 6.5% after the White House announced that it will not change premiums for the public-private Medicare Advantage health plan in 2025, when that insurer and others expected an increase.

Texas oil closed at $85.15 per barrel, and at the close of the stock market gold rose to $2.297 per ounce and the dollar depreciated against the euro (1.0765).

You might also be interested: “Price of the dollar today, Tuesday, April 2, 2024”