Wall Street opens in red and the Dow Jones falls 0.51%

Wall Street opened this Friday in red and the Dow Jones Industrial Average, its main indicator, fell 0.51%, to 38,261 points.

Fifteen minutes after the trading floor opened, the selective S&P 500 fell 0.57% to 5,169 points, and the technological Nasdaq fell 0.76% to 16,316 points.

For its part, the yield on the 10-year Treasury bond fell 4.51%.

This morning, three of the main US banks – JPMorgan, Citigroup and Wells Fargo – published their results for the first quarter of 2024, data that their managers described as “solid.”

JPMorgan Chase fell 4% on Wall Street despite obtaining a profit of 13,419 million dollars, 6% more than in the same period of the previous year, while Wells Fargo fell 0.65% after registering a profit of 4,619 million dollars, 7.45% less.

Meanwhile, Citigroup fell 0.46% after reporting a 27% drop in its first quarter profits, to $3,371 million.

On the other hand, investors remain concerned about the rise in inflation in March, which moved away from the Federal Reserve’s (Fed) 2% target and thus reduces hopes that there will be an interest rate cut soon.

In the sectors, losses predominated, led by the technology sector (-0.9%) and non-essential goods (-0.85%), while the only increases were for the energy sector (1.33%) and public services (0.41%). %).

In the Dow 30 index, the gains of Chevron (1.18%) and Apple (1.15%) stood out, and the losses led by JPMorgan (-3.92%) and Intel (-3.34%).