In particular, the actions of Nvidia and Advanced Microdevices They have been beaten for weeks when the The US government placed restrictions on these companies for the marketing of their products with China and curb the growth of the Asian giant.
But on the other hand, the Cedears were generally affected by US stock losses as corporate earnings season kicked off with big bank profits plummeting.
Thus, the Dow Jones Industrial Average fell 0.9% to 29,780.47 units; the S&P 500 index fell 1.7% to 3,606.34 units; and the Nasdaq Composite subtracted 2.2%, to 10,413.16 units.
JPMorgan Chase, Morgan Stanley, Citigroup and Wells Fargo all reported falling net profits as market turmoil hurt investment banking activity and lenders set aside more funds to cover loan defaults.
The Cedears also saw their performance affected by the decline in the financial dollar that lost value after exceeding $300, following the Government’s decision to increase the tax burden on the dollar card and waiting for the September inflation data.
The Dollar Cash with Settlement (CCL) falls $2.51 to $311.46. In turn, the MEP dollar falls $2.90 and touches $296.52.
Source: Ambito
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