Cedears: sharp decline in tech companies in tune with Wall Street

Cedears: sharp decline in tech companies in tune with Wall Street

During this day it was known that the company US. Steel participated in a ranking in Newsweek ‘s magazine that ranked it 43rd among the 100 most recognized companies in the market for achieving “employee happiness and job satisfaction.”

In relation to the papers with the highest market share, Coca Cola rose 1.4%, and Apple grew 0.8%. Among the most operated Cedears, the main losses were Facebook (-4.2%), Mercado Libre (-3.7%), and Alphabet (-0.6).

On Wall Street, the S&P 500 and the Nasdaq fell on Friday as disappointing quarterly results from Snap Inc. and Intel Corp. dragged down communication and technology.

Snap said that its advertising business was affected by some changes in privacy policies, for example in the systems of Apple. The news shocked other companies like Facebook Inc and Twitter In, which also rely heavily on ad revenue.

As a result, the S&P communications services index was the biggest weight for the benchmark during the session.

The volume traded at Cedears during the day fell 10% to Ch $ 3,784 million, which represented 66% of that traded in equities.

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