The New York Stock Exchange closed today without direction, crisscrossed by the worsening situation between the US and Iran, which raised oil prices and bond income.
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O result of the session indicates that the selection index Dow Jones Industrial Average yielded 1.09% and the extended S&P500 lost 0.28%, while, on the contrary, the technological Nasdaq advanced 0.20%, thanks to good price purchases in semiconductors.
“The escalation of tension between Washington and Tehran causes turbulence on Wall Street, with Donald Trump declaring that the ceasefire is over,” summarized Interactive Brokers’ Jose Torres.
Trump warned today that the United States was preparing to attack Iran once again.
After these statements, oil quotes rose by about 5%, with Brent even reaching the $80 in session for the first time in two weeks.
“Investors fear a general rise in costs” for companies and “a stronger inflation”, highlighted Torres.
“The values sensitive to the situation are suffering,” he pointed out, mentioning tourism (Airbnb -3.93%; Booking -4.21%) and banks (JPMorgan -2.54%; Bank of America -2.61%).
The oil companies benefited from the worsening situation, with Chevron earning 1.11%) and ConocoPhillips 2.10%.
In the technological sector, “the semiconductor values aroused some interest after the losses on the eve,” the analysts of Briefing pointed out. with cases of Nvidia (3.65%), Micron (1.11%) and Broadcom (4.83%).
Furthermore, the disclosure of the minutes of the last meeting of the Federal Reserve Monetary Committee had no relevant impact on the market.
” If any prospective indication can be drawn, the Committee is examining a wide range of scenarios and will not decide without the necessary clarity,” interpreted Jeffrey Roach, chief economist of the Financial LPL.
The market maintains the expectation of an increase in the reference interest rate in September, according to the forecast taken by CME FedWatch.