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Wall Street closes the second day negatively

Wall Street closes the second day negatively

main index Dow Jones fell 1.23% to 32,396.17 points, the technology Nasdaq 0.16% to 12,348.76 units, and the S&P 500 0.67% to 4,091.19 points.

“Rising geopolitical concerns … over Nancy Pelosi’s visit to Taiwan are weighing on the markets,” said Spartan Capital’s Peter Cardillo.

The visit of the speaker of the US House of Representatives to Taiwan, which Beijing considers one of its provinces, has attracted the attention of investors, who are concerned about the risks of increasing tensions with China. China.

China’s Ministry of Foreign Affairs condemned the “serious violation” of the United States’ commitments to China, which “has a serious impact on regional peace and stability.”

Pelosi is the most important active American political figure to visit the island in 25 years.

The visit shows the “unconditional support” of the United States for the island, and “does not contradict” Washington’s policy towards China, explained the cabinet of Pelosi, who belongs to the party of President Joe Biden and is the second in the line of presidency behind Vice President Kamala Harris.

Several comments from the leaders of the Federal Reserve (Fed, Central Bank) regarding the adjustment of interest rates by the agency, tightened the rope and disturbed the market.

Among the day’s results, investors celebrated Uber (+18.90% to $29.25). Although the company suffered a large loss, its quarterly turnover increased in both its transportation and prepared meals delivery activities.

Uber’s turnover in the second quarter reached 8.07 billion dollars, compared to 7.36 billion expected by the market.

Meanwhile, Caterpillar’s results were weighing on the Dow Jones.

Caterpillar posted lower-than-market sales for the second quarter on Tuesday, impacted by foreign exchange and supply chain disruptions.

The firm’s turnover grew by 11% compared to the second quarter of 2021, and stood at 14.2 billion dollars. But the market was expecting 14.35 billion.

This company is considered a thermometer for the health of the world economy, since its machines and materials, equipment and services are used in many sectors of activity, depending on the situation. Its shares fell 5.82% at the end.

Airbnb, which ended up 4.62%, lost 6.74% in after-hours electronic trading on results that showed fewer bookings than the market expected in the second quarter.


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