Wall Street anticipates lower opening amid concerns about the technology sector



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The market’s pessimism reached Chile, where the S&P IPSA fell to 3,539.92 points, 1.19% below Thursday’s close.

Faced with a couple of quarterly earnings reports from industry giants, the technology sector took a hit in today’s session on Wall Street.

The greatest losses were recorded in the Nasdaq Composite, which fell 2.45% today, after two big tech giants disappointed with their results yesterday: Twitter with its growth of users and Apple with its sales of the iconic iPhone phone. In fact, the bird network plummeted 21.11% and the apple firm did so by more than 5%.

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The other major indicators of the US wheel also posted declines in the session: the industrial Dow Jones lost 0.59% and the S&P 500 fell 1.21%.

The market pessimism reached Chile, where the S&P IPSA fell to 3,539.92 points, 1.19% below Thursday’s close.

In Europe, the picture was more heterogeneous. The EuroStoxx 50, which groups together the largest companies in the euro zone, fell a timid 0.06%. At the level of individual markets, declines of 0.36% were registered in the German DAX and 0.08% in the English FTSE 100, while the French CAC rose 0.54% and the Spanish Ibex appreciated 0.63 %.

These results occur in the midst of a handful of corporate results that left investors with mixed feelings. While the pharmaceutical company Novo Nordisk did not meet market expectations, the banks BBVA and NatWest Group gave lights of recovery in loans.

In Asia, the results were more categorical. Japanese stocks pooled in the Nikkei fell 1.52%, Hong Kong’s Hang Seng dropped 1.95% and mainland China’s CSI 300 fell 1.63% today.





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