Fourth day of losses on Wall Street

LAST UPDATE 23:30

The main indicators of Wall Street ended with a negative sign on Tuesday, although they were found to move strongly upwards in the middle of the session, as the spectrum of stagnant inflation, slowing economic growth and rising inflation, amid an unprecedented rally in prices of goods continues to be a problem for the market.

This is the fourth consecutive bearish session, with the Dow Jones industrial index entering the correction area on Monday and the technological Nasdaq in the bear market.

Indicators earlier found gains of more than 1% in the wake of the US government’s announcement of an embargo on Russian energy products. In delivered by US President Joe Biden announced the end of Russian oil imports to the US, confirming information that had previously seen the light of day. The oil prices hit a new rally after the announcements of the American president.

The spike in prices for oil and gas, in base metals and other commodities such as wheat, is expected to continue fueling inflationary pressures in the coming months, effectively canceling central banks’ forecasts for temporary inflation. This is likely to lead to a more aggressive tightening of monetary policy with unforeseen risks to economic growth.

Price de-escalation is not apparent as the war in Ukraine rages on, with the world’s largest economies preparing for new support measures to deal with the energy shock.

Indicators – Statistics

On the board, the Dow Jones industrial average fell 184.74 points or -0.56% and closed at 32,632.64 points, while the S&P 500 lost 30.39 points or -0.72% to 4,170.70 points. The technology Nasdaq lost 35.41 points or -0.28% and closed at 12,795.55 points.

Of the 30 stocks that make up the Dow Jones industrial average, 8 closed with a positive sign and 22 with a negative. The biggest gainers were Caterpillar with gains of $ 13.30 or 6.76% at $ 210.00, followed by Chevron with gains of 5.24% to $ 170.53 and Boeing with $ 173.80 with increase 2.74%.

The three stocks with the biggest losses were Coca-Cola Co. (-3.96%) after the company announced that suspends its activities in RussiaProcter & Gamble (-3.96%) and UnitedHealth Group (-2.75%).

In business development, Google’s parent company, Alphabet Inc. announced today that it has reached an agreement for the acquisition of the cyber security company Mandiant Inc. for $ 23 a share, or about $ 5.4 billion in cash.

At the end of the day, data released today showed that the US trade deficit jumped to $ 89.7 billion in January, setting a new record with a jump of 9.4% from the revised size of $ 81.9 billion. of December, which was also historically high.