Nasdaq leads losses on Wall Street – The Economic Journal


The three major stock indexes in New York opened the first session of the week at a loss. The Nasdaq technology index leads the losses, losing 1.40% to 7,398.87 points, shortly after the ringing of the opening bell of the session. The S & P 500 fell 0.68% to 2,839.96 points and the Dow Jones industrialist was down 0.51% to 25,633.40 points.

On the one hand, investor sentiment is being penalized by rising tensions between the United States and Iran and, on the other, by the Huawei crisis. The Chinese company was placed on the blacklist of Donald Trump, which will make it difficult to trade the second largest manufacturer of smartphones with US companies, including Google, which has already cut off the supply of the Android operating system to Huawei. Also, Intel or Qualcomm, manufacturers of chips, will no longer cooperate with Huawei.

The technology sector is being heavily penalized, illustrated by FAANG losses. Facebook lost 1.78%, Apple fell almost 4%, Amazon yielded 1.34%, Netflix devalued 2.06% and Google's Alphabet fell 2.29%.

Moreover, according to CNBC, trade negotiations between the states and China are stagnant.

In raw materials, the price of oil is appreciating. Brent, the benchmark for the European market, rose 0.33 percent to $ 72.45 and West Texas Intermediate, the benchmark for the United States, rose 0.25 percent to $ 72.45.



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