The main stock indices of the US market operate with sharp falls on Tuesday morning. wall street retreats under the pressure of a wave of risk aversion, in a market fearful of the economic effects that the strict confinement measures in China will have due to spikes in Covid-19.
The benchmark market index, the S&P 500 of the 500 strongest companies, falls -1.49% to a level of 4,232.06 units. The index Dow-Jones, made up of the shares of 30 industrial giants, lost -1.05% to 33,692.39 points. The Technological Index nasdaq leads the losses with -2.44% at the level of 12,687.46 points.
“Today after the close, Alphabet (Google’s parent company) and Microsoft report their results for the quarter. The first is expected to see the effects of inflation on its advertising model, and the second is expected to have a positive report in general, due again to revenue from its business in the cloud,” explained the firm eToro.