Wall Street opens in red and the Dow Jones falls 0.05%

Wall Street opened this Wednesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.05%, to 38,863 points.

Twenty minutes after the trading floor opened, the selective S&P 500 lost 0.21%, to 5,177 units, and the technological Nasdaq lost 0.37%, to 16,271 points.

According to analysts, the technology sector is especially weighing on the market today due to several worse-than-expected results, such as those of Uber, which fell 8.5% after reporting an increase in losses.

Intel lost more than 2% after notifying the US securities regulator today that the Department of Commerce has revoked licenses to export products “for a customer in China”, which will affect its income.

And Tesla fell 2.7% due to a Justice Department investigation into its Autopilot autonomous driving function for stock fraud, according to Reuters, citing unnamed sources.

The forum platform Reddit, on the other hand, soared 4% despite disclosing good business forecasts in its first results after going public.

By sector, losses predominated and were led by real estate companies (-0.92%) and non-essential companies (-0.8%), while public services companies remained afloat (0.2%).

Among the 30 Dow Jones values, the falls of Intel (-2.2%) and Caterpillar (-1.26%) stood out compared to the gains of Disney (1%) and UnitedHealth (0.80%).