Uncertainty in the Gaza Strip impacts Wall Street in the early hours of the day

This Wednesday the United States Treasury decided to increase the rate of 10-year bonds in the face of the uncertainty caused by Israel’s recent attacks in the Gaza Strip in the Rafah refugee camp on the border with Egypt, which caused Wall Street to open in red and will infect the Mexican Stock Exchange as well as other Latin American markets. The Dow Jones, one of the main indicators aimed at industrial companies in the United States, mainly started with 0.95%, generated by a decline in the technology company Nvidia, which until now had skyrocketed the shares of the main indices with its impressive quarterly profits.

According to information from EFE, ten minutes after the trading floor opened, the Dow Jones stood at 38,484 points, while the selective S&P 500 fell 0.76%, to 5,265 points, and the Nasdaq, where the large companies are listed technology, fell 0.75 percent, remaining at 16,891 units.

It is important to highlight that Nvidia is a chip manufacturer that last week registered an effervescence in the market due to its powerful quarterly results, fell 1.78 percent this morning, and is now heading towards what could be its first negative day in recent memory. days.

In the three trading days following the release of its earnings report, Nvidia shares soared roughly 20%. So far this year, the company has advanced 128% on the stock market.

Other major companies in the sector, such as Tesla, Microsoft, Alphabet and Meta, also started the day with losses due to the uncertainty experienced in the Gaza Strip and Israel’s recent offensive on the border with Egypt.

Beyond technology, in the early stages of the New York stock market, the American Airlines company fell 13 percent after reducing its sales forecasts for the second quarter of the year.

The adjustment in the ten-year bond rate is an indicator of the actions that the Federal Reserve (Fed) will take in the United States, which has generated greater uncertainty among operators that the Federal Reserve (Fed) will carry out rate cuts of interest soon.