The US indices have added their third consecutive week with a negative balance.
Wall Street has closed another week marked by sharp falls. The ephemeral optimism that the intervention of the Fed president, Jerome Powell, caused in the market, once the meeting of the US central bank concluded on Wednesday, gave way to a Thursday of generalized red numbers, as a result of the doubts that prevail among the investors about the Federal Reserve's roadmap for the coming months and fears of a recession.
Today, the Nasdaq has minimally recovered from the setback suffered yesterday, when it plummeted 4%. The index that groups technology companies has risen 1.43%, to 10,798 points. In the week, it has yielded 4.78%. Among the large companies in the sector, Amazon (2.47%) and Meta (1.78%) have led the advances, followed by Apple (1.15%), Microsoft (1.09%) and Alphabet (1.05 %).
For its part, the Dow Jones fell 0.13% to 29,888 points. American Express (4.86%), Boeing (2.58%) and Salesforce (2.13%) have led the increases in the selective, while Chevron (-4.57%), Walmart (-1.93% ) and Goldman Sachs (-1.82%) were the worst values of the day.
“It is clear that there is still some volatility and that is a situation that will be with us for a while given the growing uncertainty,” said John Canavan, principal analyst at Oxford Economics. "I think after the extreme moves we've seen over the last week, we're looking at a somewhat depleted market looking for a three-day weekend and just trying to find a place to settle," he added.
"The short-term recession has become a foregone conclusion for many investors; the only questions now are its duration and the severity of its impact on earnings," said Chris Harvey, chief strategy officer at Wells Fargo Securities, in a statement. note.
In the oil market, the barrel of West Texas, a benchmark in the US, plummeted 7% to 109 dollars. The ounce of gold falls to 1,840 dollars, while the return on the US 10-year bond stands at 3.22%.