26 de enero de 2020
ÚLTIMAS NOTICIAS:
Hispanic World

Wall Street plunges, Dow Jones down 3.05 pct.

New York, Aug 14 (efe-epa).- Wall Street closed Wednesday with heavy losses and the Dow Jones Industrial Average, the benchmark indicator, dropped 3.05 percent due to the decline in bond prices, which caused a brief inversion of the yield curve for 10-year and 2-year Treasury Bonds, a circumstance some analysts view as a harbinger of recession.

New York, Aug 14 (efe-epa).- Wall Street closed Wednesday with heavy losses and the Dow Jones Industrial Average, the benchmark indicator, dropped 3.05 percent due to the decline in bond prices, which caused a brief inversion of the yield curve for 10-year and 2-year Treasury Bonds, a circumstance some analysts view as a harbinger of recession.

At the close of trading on the New York Stock Exchange, the Dow was down significantly - 800.49 points - coming to rest, for today at least, at 25,479.42, its largest percentage drop this year.

The S&P 500 index fell 2.93 percent, or 85.72 points, to 2,840.60 and the Nasdaq composite index, in which large tech companies are included, lost 3.02 percent, or 242.42 points, closing at 7,773.94.

The financial sector was one of the hardest hit for the day, losing 3.57 percent, with big banks like Citigroup down 5.28 percent, Bank of America 4.69 percent, JPMorgan down 4.17 percent, Goldman Sachs down 4.20 percent and Wells Fargo down 4.33 percent.

The energy sector was also a big loser on the day, down 4.12 percent, a situation linked to the decline in West Texas Intermediate Crude prices, futures contracts of which lost almost $3, ultimately closing at $55.23 and pressured by the unexpected increase in US crude reserves and poor economic data out of Europe and China.

There was great volatility on the New York trading floor and all the indexes were down sharply at midday as recession fears rattled the market, including signs of a slowdown in the economies of Germany and China.

The 10-year T-bond, the country's benchmark bond, briefly dropped below the 2-year bond during the morning, something that had not occurred since June 2007.

The inversion in the yield curve for publicly traded short- and long-term bonds sparked unease in the market, since this phenomenon has preceded several past recessions and many consider it to be a sign that the economy is fragile and perhaps about to take a dive.

President Donald Trump weighed in on the situation on Twitter, saying: "CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!"

Trump was referring to the Federal Reserve, headed by Chairman Jay Powell.

At the close of trading, the 10-year T-bond yield stood at 1.581 percent and the 2-year bond's yield was at 1.579 percent, while the 30-year bond's yield, which has fallen to historic lows, was at 2.019 percent.

Meanwhile, China released figures showing that its industrial production expanded by 4.8 percent in July, the slowest growth in this indicator since February 2002, providing evidence of weakness in domestic demand in the Asian giant, which is presently mired in an ongoing trade war with the US.

That is not the only country being affected by the trade war, with Germany - Europe's largest economy - reporting that its economy contracted by 0.1 percent in the second quarter pulled down by a drop in exports and a decline in industrial production, its two main pillars.

Among the 30 blue chip stock comprising the Dow Jones index, chemical firm Dow lost 5.91 percent, Walgreens was down 5.01 percent, Exxon Mobil lost 4.03 percent, Cisco 4 percent, Chevron 3.80 percent and Boeing 3.74 percent.

In other markets, gold - historically considered a safe haven in times of economic turmoil - rose to $1,524.80 per ounce and the euro strengthened to 1.1134 to the dollar.

Histórico de noticias
Democrats: Trump's conduct is not America first, it's Trump first

Washington, Jan 23 (efe-epa).- The Democratic lawmakers who are acting as "managers" - or prosecutors - in President Donald Trump's impeachment trial in the...

Chavistas march in Caracas, opposition fails to hold legislative session

Caracas, Jan 23 (efe-epa).- Supporters of Chavism on Thursday marched in Caracas to commemorate the 62nd anniversary of the fall of the Marcos Perez Jimenez...

Mexican government hopes to use banana export example to expand China trade

Mexico City, Jan 23 (efe-epa).- The first shipment of 39 tons of Mexican bananas to China departed on Tuesday from the port of Manzanillo, a debut that the...

Trump inauguration organization committee sued for alleged corruption

Washington, Jan 22 (efe-epa).- District of Columbia Attorney General Karl Racine on Wednesday sued the nonprofit committee designated by President Donald...

Democrats make their case against Trump at Senate impeachment trial

Washington, Jan 22 (efe-epa).- The Democratic "managers" of the Senate impeachment trial against President Donald Trump on Wednesday began laying out in...

Pictoline, successful Mexican Web site tells the news with pictures

By Eduard Ribas i Admetlla

Boeing doesn't expect 737 MAX to fly again until mid-2020

New York, Jan 21 (efe-epa).- Boeing announced Tuesday that it does not expect regulatory authorities to approve the return to service of its 737 MAX jets...

Weinstein case moves to opening arguments with witnesses in focus

New York, Jan 21 (efe-epa).- The the 12-person jury and three alternatives now selected, the sexual abuse trial of Hollywood producer Harvey Weinstein will...

First US case of Wuhan virus diagnosed

New York, Jan 21 (efe-epa).- A patient in Washington state has been diagnosed with the Wuhan virus, or coronavirus, in the first confirmed case of this type...

Millions of Mexicans take part in macro-earthquake simulation

Mexico City, Jan 20 (efe-epa).- Millions of people participated on Monday in a nationwide earthquake macro-drill as memories persist of the last big tremor...

Trump's defense team asks Senate to speedily reject impeachment case

By Susana Samhan

Thousands protest gun controls in Richmond, Virginia

Washington, Jan 20 (efe-epa).- Thousands of people, most of them men, demonstrated on Monday outside the Virginia state capitol building in Richmond against...

Young people committing suicide in Nicaragua due to social crisis

By Wilder Perez R.

Animals at Medellin zoo get ice cream to help them deal with the heat

Medellin, Colombia, Jan 19 (efe-epa).- Ice cream, copious amounts of water and refreshing baths are all part of the "Wild Coolness" initiative being...

Migrant caravan delays entry into Mexico, expected to double in size

By Pedro Pablo Cortes

Former UN chief Javier Perez de Cuellar celebrates 100th birthday in Lima

Lima, Jan 19 (efe-epa).- Peru's Javier Perez de Cuellar, the first Ibero-American to serve as secretary-general of the United Nations, is celebrating his...

#SuperCoralPlay social network campaign seeks to save coral reefs

By Alberto Domingo Carreiro

Pinochet victims join Chilean protesters 3 mo. into crisis

Santiago, Jan 16 (efe-epa).- Groups of relatives of the victims of the 1973-1990 Augusto Pinochet dictatorship, along with associations of those injured and...

Koala toys invade NY in fundraising campaign for fire-ravaged Australia

New York, Jan 16 (efe-epa).- Plush koala toys perched on lampposts, traffic signals, trees and scaffolding at different spots around New York City these...

Model Gigi Hadid ruled out as Weinstein juror

New York, Jan 16 (efe-epa).- The selection of the jury that will decide in a New York court whether Hollywood producer Harvey Weinstein is guilty of sexual...

Mural art exhibit to highlight the untold bridge between Mexico and the US

By Jorge Fuentelsaz

Guaido: Paramilitary takeover of parliament reveals Maduro's dictatorship

Caracas, Jan 15 (efe-epa).- Venezuelan opposition leader Juan Guaido called the actions under way on Wednesday outside the National Assembly (AN) building a...

Artificial intelligence posing new challenges for cybersecurity in 2020

By Marc Arcas

House Democrats deliver Trump impeachment articles to Senate

Washington, Jan 15 (EFE).- Articles of impeachment against Donald Trump were transmitted to the US Senate on Wednesday nearly a month after the...