Wall Street opened this Thursday in the red and the Dow Jones Industrials, its main indicator, lost 0.93% after knowing the new inflation and unemployment data in the United States that did not leave any big surprises.
Ten minutes after the start of operations, the Dow Jones stood at 33,217.81 points, while the selective S&P 500 lost 0.43%, to 4,119.82, and the Nasdaq market composite index 0.14%. , up to 12,288.65.
Thus, investors digested new data on the United States economy, which last week saw an increase in the weekly number of applications for unemployment benefits to 264,000, that is, 22,000 more than in the previous week.
Likewise, they had new figures for production prices, which presented a rise in April of only 0.2% compared to the previous month and were released after yesterday’s consumer price data, which showed a monthly rise, but which confirmed that inflation continues to decline in year-on-year terms.
Today’s data did not bring any big surprises and remained in line with what analysts expected: that prices will be controlled as the supply chain normalizes and that labor demand will fall with interest rate rises.
The market started the session with widespread losses, as all sectors woke up in the red with the sole exception of communications, which gained 1.31%. The biggest falls were for energy companies (-0.98%), technology (-0.90%) and finance (-0.86%).
Disney with heavy losses
Unusually on record were all thirty Dow Jones stocks, without exception, losing, with Disney standing out above all, falling more than 8% after posting its quarterly results.
The entertainment giant had profits of US$ 2,550 million (2,321 million euros) in the first half of its fiscal year, 62% more year-on-year, but it was punished by investors for its loss of subscribers on streaming platforms.
There were also setbacks from several technology companies such as Salesforce, Intel or Microsoft that had made clear progress yesterday.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
