Stocks on Wall Street fall on fears that the Fed will apply a sharp rise in interest rates

The Wall Street entrance to the New York Stock Exchange (NYSE) in New York City, United States, November 15, 2022. REUTERS/Brendan McDermid/File (BRENDAN MCDERMID/)

Wall Street opened this Tuesday, the first day of the week after a festive day on Monday, with all indicators downand the main one, the Dow Jones of Industriales, lost a 0.90%in an environment in which the fears of a tightening of interest rates.

At the time the bell rang on the New York Stock Exchange, the Dow Jones marked 33,561 pointsa drop of 305 units compared to Friday’s session.

For its part, the selective S&P fell 41.25 integers (-1.01%) to reach 4,046.25 points, while the index nasdaqwhich brings together the main technology companies, was the one that lost the most, specifically 166.50 units (-1.34%), up to 12,223.50 integers.

The sentiments of investors will also have weighed on the fourth quarter results prosecutor announced this Tuesday by Walmartthe largest American retail chain, and Home Depotone of the largest household goods chains, in both cases worse than expected.

Wall Street closes in green and the Dow rises 0.69%
EFE /Justin Lane /File (EFEI0658/)

The executive director of Walmart (which fell 2% in these early stages, although it has gradually recovered), John David Raineyrecognized that consumers are buying fewer “discretionary” products (non-basic) because prices remain high after a year of very high inflation.

For its part, Home Depot fell a 5.27%becoming the Dow’s biggest drag in the New York morning.

The New York parquet continues to fear that the Federal Reserve (Fed) undertakes a more aggressive interest rate hike to control inflationafter several Fed executives had expressed themselves in this regard last week.

The exterior of the Federal Reserve Board Building, Washington, DC, USA.  June 14, 2022. REUTERS/Sarah Silbiger/File
The exterior of the Federal Reserve Board Building, Washington, DC, USA. June 14, 2022. REUTERS/Sarah Silbiger/File (SARAH SILBIGER/)

By sectors, all were falls this morning with the exception of energy (0.16%), with non-essential goods (-2.06%) and real estate (-1.66%) being the worst.

The 30 Dow Jones values ​​began the day all in the red, and in addition to Home Depot, the falls in Intel (-2.72%), Disney (-2.27%) and 3M (-2.16%).

For his part, Apple Inc, Inc, Microsoft Corp, and Alphabet Incparent company of Google, lost on the 1%.

In a bright spot Meta Platforms Inc went up a 0.7% after Facebook parent said it is testing a monthly subscription service called Meta Verifiedwhich will allow users to verify their accounts using a government ID and earn a blue badge.

(With information from EFE and Reuters)

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