The main falls corresponded to the steel producer US Steel (-4.9%), the oil company Vista Oil&Gas (-4.2%) and Tenaris (-3.2%).
this day, descended sectors that were driven by the war, such as energy with the rise in oil (which fell this Tuesday), and mining, due to the increase in the value of an ounce of gold as it is considered a refuge asset.
On Tuesday, gold prices fell more than 1% to a one-month low. “We are seeing a free fall in metals following a potential de-escalation of Russia, which has generated risk appetite and optimism that we could see the end of the war,” said Edward Moya, senior markets analyst at OANDA.
As for oil, the barrel of Brent for delivery in May fell 2% to u$s110.23 in the London market, while in the New York market the barrel of WTI, also for May, lost 1.62% to u$s104.24.
Regarding the rises among the most traded papers, Paypal (+2.1%), Meta (+1%), and Mercado Libre (+0.7%) stood out.
“There may be reasons to be a little more optimistic than we were yesterday, but I don’t think this whole situation with Ukraine is going to go away in the next 15 minutes,” said Robert Yawger, executive director of energy futures at Mizuho.
For its part, among the Cedears ETF, the ARKK of innovation rose more than 4.7% while the XLF, the financial one, fell 1.9% and the one that replicates the energy index, the XLE, also lost 1.9 %.
The volume traded on Cedears (78% of the total equity traded) increased 2.2% to $2,960 million.
For its part, Wall Street closed in green. The Dow Jones Industrial Average rose 338.3 points, or 0.97%, to 35,294.19, while the S&P 500 gained 56.08 points, or 1.23%, to 4,631.6. The Nasdaq Composite added 264.73 points, or 1.84%, to 14,619.64.
Source: Ambito
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