Reuters.- The index Wall Street S&P 500 closed slightly lower this afternoon, after erasing initial hikes, as concerns about the Delta variant of coronavirus and a slowdown in the economy The US dollars overshadowed optimism around increased fiscal stimulus and a strong earnings season in the second quarter.
Data from the day on Wall Street showed that, although US manufacturing grew in July, its pace slowed for the second month in a row, as the Spending returned to services from goods and raw material shortages persisted.
The weaker-than-expected data also pushed Treasury yields to their lowest level since July 20 and pushed the benchmark Dow Jones away from an intraday record seen in early trading.
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Wall Street, waiting for news on results
Unofficially, the Industrial Average Dow Jones fell 101.33 points, or 0.29%, to 34,834.14 units, while the S&P 500 lost 8.12 points, or 0.18%, to 4,387.14 units, and the Nasdaq Composite added 6.05 points, or 0.04%, to 14,678.72 units.
Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, climbed after he said he would buy Afterpay Ltd for $ 29 billion. (mdd) with the modality of buy now and pay later.
As the manufacturing activity data came out weaker than expected, the market’s attention is now on the Wednesday service sector figures Y in the Department of Labor’s monthly jobs report on Friday.
Following mixed quarterly reports from tech giants last week, this week’s eyes are on the results from firms such as Eli Lilly, CVS Health and General Motors.
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