The selective lines its eighth consecutive week in negative and the S

Investors are giving Wall Street no respite. Sales once again dominate the session on the New York floor despite the fact that its main indices have started the day on the rise and that the European stock markets have experienced general increases. Not even the monetary stimulus and lifting of lockdowns announced in China have reduced market fears of an economic slowdown caused by a sharp price boom.

“The reality of the situation is that the market is trending down because we’re dealing with inflation, we’re dealing with monetary policy tightening, we’re dealing with threats to growth. And we’re not going to get out of that … probably until June.” , July,” said Liz Young, chief investment strategist at SoFi.

“While many cross-currents are causing the current sell-off, the immediate cause of the recent acceleration in stock declines revolves around fears about the US consumer,” said Bill Stone of Glenview Trust. “For the first time in the post-Covid period, retailers have been left with some excess inventory. Costs due to inflation are also affecting their profits.”

This adverse scenario has been transferred to equities for a long time, to the point that the Dow Jones is on track to sign its eighth consecutive week with falls. If confirmed at today’s close, it would be its worst streak since 1923. The selective, after gaining some ground at the opening, lost 0.6% to 31,060 points. Nike, Cisco and Merck lead the index advances, while Boeing, Caterpillar and Home Depot are the day’s worst performers.

The S

For its part, the Nasdaq deflated 0.90% and lost 11,300 points. Among the big technology companies, Amazon and Meta escape the red numbers, while Alphabet falls more than 2%. Apple and Microsoft show moderate declines. Tesla continues its weekly disaster – it sinks 13% since Monday – and falls 6% today, while Nvidia loses another 4%.

In the oil market, the barrel of West Texas, a benchmark in the US, recovers 112 dollars, while the ounce of gold remains at 1,840 dollars. In contrast, the yield on the US 10-year bond fell to 2.817%.

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