The New York stock market opened lower after the Iranian attack on Israel the day before, but then moderated the losses due to the appearance of positive indicators on the private sector of the US economy.
Wall Street opened lower Wednesday after the escalation of the conflict between Iran against Israelwith moderate losses due to positive indicators on the private sector of the US economy. The losses, however, moderated before positive indicators on the private sector of the American economy.
Thus, the index Dow Jones rises 0.1%, while the technological Nasdaq and the expanded index S&P 500 remain practically unchanged.
The three main indices close lower on Tuesdayafter rising tensions in the Middle East affected investors’ risk appetite and enthusiasm for the new trading period.
In turn, oil prices advanced in the previous day and the VIX volatility index soared, rising 15% at the close of the session, after Iran’s missile attack on Israel. The attack came after Israel launched a ground operation in Lebanon, raising tensions with Iran-backed Hezbollah.
On Tuesday, the technology sector of the S&P 500 fell 2.7% and recorded its worst session in almost a month, driven by the decline of mega-cap stocks such as Apple, Nvidia, Microsoft and Tesla. All four move negatively in this Wednesday’s opening, prolonging the punishment.
Source: Ambito
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