The New York stock market falls sharply this Tuesday, in a climate of moderation in the face of a series of indicators that will give an image of the state of health of the US economy.
The main Wall Street indices fell on Tuesdayas investors became risk averse after learning an escalation of geopolitical tensions in the Middle Eastwhile evaluating data that pointed to a stable labor market.
A White House official said the United States has indications that Iran is preparing to imminently launch a ballistic missile attack on Israel, following which The benchmark S&P 500 index extended its losses to almost one-week lows.
The Industrial Average Index Dow Jones fell 346.60 points, or 0.8%, to 41,982.02 units; he S&P 500 It lost 65.54 points, or 1.1%, to 5,696.94 units; and the Nasdaq Composite It lost 316.54 points, or 1.7%, to 17,872.63 units.
Nine of the 11 S&P 500 sectors were down, although A 3% rebound in crude oil prices helped a 1.5% gain in the energy sector. The Dow Jones index that tracks airlines fell 2%.
The CBOE market volatility index, Wall Street’s fear gauge, rose 3.46 points to a three-week high of 20.19while benchmark Treasury yields hit session lows.
How Wall Street closed September
The Dow Jones (+0.04%) and the S&P 500 (+0.42%) finished at record levels at the close, while the Nasdaq rose 0.38%. As of this Monday, there are 33 closing records for the Dow Jones and 43 for the S&P 500. “It was a great quarter,” summarized Steve Sosnick, of Interactive Brokers, for whom “it is difficult to identify a loser.”
The ninth month of the year, historically the weakest for the stock market, had a very good ending, following the decision of the US central bank to cut interest rates by 50 basis points.
In September, The Dow Jones Industrial Average gained 3% and the S&P 500 rose 2.4%, while the Nasdaq advanced 3.2%.
Source: Ambito
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