The New York stock market ended lower on Tuesday, under pressure from two technology giants, Oracle and Apple, after the new iPhone was received without enthusiasm and the market waited for a series of North American indicators.
The final results of the session indicate that the selective Dow Jones Industrial Average index fell 0.05%, the broader S&P500 lost 0.57% and the technological Nasdaq fell 1.04%.
Among technology companies, the biggest setback was for Oracle, which lost 13% after announcing worse-than-expected results, but Apple also did not do well (-1.76%) after announcing Tuesday the features of your new iPhone 15, and that also applies to Apple. Adobe. (-3.95%).
“It was a boring session from the start. We started with Oracle’s failure and confirmed with Apple, which failed before and after the product launch”emphasizes Patrick O’Hare, from Briefing.com.
Yory Wurmser of Insider Intelligence analyzed that “apart from the price of the iPhone 15 Pro, which should increase [em relação à versão 14]but which remained unchanged, the presentation resembled what the experts expected”.
Analyst Michael Krame, quoted by Market Watch, believes that “a triple threat” is looming for the stock market, consisting of the combination of a strong dollar, rising government bonds and rising oil prices.
According to Krame, these three factors could reduce the gains investors have accrued so far this year to zero.
Moreover, fears of inflation persist, fueled by wage demands in the automotive and fast food sectors, which could lead to further interest rate increases, if not immediately, then at least in the medium term.
Losses dominated across all sectors, but the notable exception was the energy sector, which rose 2.31% on the back of recent increases in Texas and Brent oil prices. Among those that lost the most were technology (-1.75%) and communications (-1.01%).
Of the 30 Dow Jones companies, the biggest gains went to Goldman Sachs (1.93%), Chevron (1.86%) and Walt Disney (1.41%), while Microsoft (-1.83%) led the way with losses.), Apple and Salesforce (-1.62%).
Source: DN
