NEW YORK– Wall Street, which had started the day positively, ended in the red on Wednesday, in the fourth consecutive session of losses for the Nasdaq before the results of technology companies.
The Nasdaq ended with a loss of 1.15% at 15,683.37 points, while the main Dow Jones index lost 0.12% to 37,753.31 units, and the expanded S&P 500 index – investors’ main reference – fell 0.12%. 58% to 5,022.21 points.
“The market is starting to focus on company results,” said Peter Cardillo of Spartan Capital. “Today again the market opened higher and ended lower. This means that there is a rotation, investors take profits without panic selling,” the analyst added to AFP.
“For me it is a market that is trying to stabilize,” he summarized.
On Thursday after the Wall Street close, Netflix will announce its quarterly results. Next week it will be the turn of Tesla, Meta, Microsoft and Alphabet, all firms with great influence on the indices due to their large size.
Among the values of the day, United Airlines soared 17.45% to $48.74 after announcing better-than-expected results, although it was a quarterly loss of $124 million.
The company was hurt by the inability to fly its Boeing 737 MAX 9 for several weeks, a loss it estimates at around $200 million.
Other companies linked to travel followed the trend and American Airlines (+6.60%), Delta (+2.85%) and even the cruise company Norwegian Cruise (+3.15%), rose.
Boeing, for its part, gave up a modest 0.21% on the day of its first safety hearing on its production lines in Congress.
Source: With AFP information.
