The Nasdaq falls to the pressure of technology stocks; the Dow closes in … – Investing.com Brazil

NEW YORK (Reuters) – The sharp decline of technology stocks has led both the indexes and the red on Thursday, while the Dow closed in the maximum record, with the push of banks and energy companies.

The index rose by 0.36 percent to 19.191 points, the S&P 500 fell 0.35 percent to 2.191 points and the Nasdaq Composite index had a fall of 1.36 percent to 5.251 points.

The decline in the shares of Facebook, of 2.8 per cent, to 115,15 dollars, and Microsoft, of 1.8 percent, to 59,18 dollars, caused the Nasdaq to close at the minimum since November 14, while the technology index of the S&P 500 fell 2.3 percent, the worst daily performance since June 24.

Although the S&P 500 has risen more than 2 percent since the presidential election of 8 November, on the expectation that the policies of the president-elect Donald Trump will generate inflation and lead to an increase in the pace of high interest, the technology stocks have failed to participate in this rally and fell by almost 3 percent.

The Dow has advanced, with gains in major energy companies and the financial sector. Goldman Sachs rose by 3.3 percent, accounting for more than 50 points to the positive side for the index. The share rose more than 24 percent since the election.

The high helped in the advancement of the shares of companies such as Chevron. Oil rose more than 4 percent this session, after having jumped nearly 9 percent on Wednesday, following the agreement of the major producers to reduce output and support prices, in the first agreement of this kind since 2008.

(By Chuck Mikolajczak)

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