The main stock indices of the US market are trading at a loss. Wall Street is painted red before a rise in Treasury yields after yesterday the US president, Joe Biden, nominated Jerome Powell to direct for another period the Federal Reserve (Fed).
The possibility that Powell remains as president of the central bank increases the chances that the reduction of stimulus to the economy will continue and that in 2022 there will be increases in the interest rate. Investors shy away from tech stocks and load up on the side of the banking sector.
The technology index Nasdaq leads losses and falls -1% to 15,696.92 after setting a new all-time high yesterday. The reference S&P 500, from 500 values, it moves -0.23% to 4,672.31 units. The Industrial Average Dow Jones, out of 30 values, yields -0.06% to the level of 35,598.91 points.
Among the high-capitalization technology stocks, Microsoft Corp’s stock fell, with a loss of -1.54% to $ 334.60. Shares of Apple Inc moved -0.71% to 159.88 dollars. On the hikes, JP Morgan and Goldman Sachs stand out with advances of 1.67% and 1.16 percent.
Reference-www.eleconomista.com.mx