Wall Street opens with losses and the Dow Jones fell 0.51%

NEW YORK, New York.- This Friday, the day on Wall Street opened with losses, when the Dow Jones Industrialsits main indicator, fell 0.51%, to 38,261 points.

At the opening

Fifteen minutes after the opening of the New York Stock Exchangethe selective S&P 500 fell 0.57%, to remain at 5,169 points, and the technological Nasdaq It fell 0.76%, to 16,316 integers.

What affects the markets today?

For its part, the performance of 10-year Treasury bond fell 4.51%.

This morning, three of the largest US banks – JPMorgan, Citigroup and Wells Fargo – published their first quarter 2024 resultsdata that those responsible described as “solid.”

JPMorgan Chase fell 4% on Wall Street despite the fact that it obtained a profit of 13,419 million dollars, 6% more than in the same period of the previous year, while Wells Fargo fell 0.65% after registering a profit of 4,619 million dollars, 7.45% less.

While, Citigroup fell 0.46% after reporting a 27% drop in its first quarter profits, to $3,371 million.

On the other hand, investors remain concerned about the increase in inflation in Marchwhich moved away from the target of 2% of the Federal Reserve (Fed) and thus reduces the hope that there will be a drop in interest rates soon.

By sectors

Losses predominated, led by the technology sector (-0.9%) and non-essential goods (-0.85%), while the only increases were for the energy sector (1.33%) and public services (0.41%).

In the Dow 30 index, the gains of Chevron (1.18%) and Apple (1.15%) stood out, and the losses led by JPMorgan (-3.92%) and Intel (-3.34%).

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