Wall Street falls after the start of the war in Israel and the “fear index” climbs

Wall Street falls after the start of the war in Israel and the “fear index” climbs

The Dow Jones Industrial Average lost 0.04%, to 33,395.44 units, while the S&P 500 fell 0.35%, to 4,293.52 units. The Nasdaq Composite falls 0.95%, to 13,304.33 units.

The CBOE volatility index, the “fear meter” on Wall Street, also advanced to 18.59, reflecting the investor anxiety.

The main technological values Apple, Microsoft, Alphabet, Nvidia and Amazon.com They fell between 0.5% and 2.3%. Traditional safe haven assets such as gold and the dollar rose.

“We wait short term volatility in the stock and oil markets as investors digest rising tensions in the Middle East,” said James Demmert, chief investment officer at Main Street Research.

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New York Stock Exchange

The international panorama and the impact on the markets

United Airlines, Delta Air Lines and American Airlines They suspended their direct flights to Tel Aviv. Airline stocks sank about 5% each, dragging the S&P 500 Passenger Airlines Index down 4.4%.

Energy was the sector that advanced the most in the S&P 500with an increase of close to 3%, while discretionary consumption and information technology were the most affected.

Israel He said his troops, supported by helicopters, had killed several armed infiltrators who had entered the country from Lebanon, raising fears that the fighting would extend two days after Hamas gunmen broke in from Gaza.

He Israeli army He said he had called up an unprecedented 300,000 reservists and was imposing a complete blockade of the Gaza Strip, signs that he may be planning a ground assault.

US Secretary of Defense Lloyd Austin said: USA will send several ships and military aircraft to Israel as a show of support.

Source: Ambito

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