Wall Street closes in the red and the Dow Jones falls 0.72%

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New York, Oct 11 (EFE) .- Wall Street closed this Monday in red and the Dow Jones of Industrialists, its main indicator, fell 0.72% in a day marked by the rise in the price of oil, the concern about the economic forecasts and the next round of quarterly results.

At the end of the operations on the New York Stock Exchange, the Dow Jones subtracted 250.19 points, to 34,496.06, while the selective S&P 500 fell 0.69% or 30.15 units, to 4,361.19.

The composite index of the Nasdaq market, in which the main technology companies are listed, lost 0.64% or 93.34 integers, to 14,486.20.

The New York stock market had an irregular day on the Columbus Day holiday in the United States, the culmination of a long weekend in which the markets operated with less volume but normally with the exception of Treasury bonds, which was closed.

Investors bet on caution and were aware of the sharp rise in the price of oil, which at the beginning of the session reached 82 dollars and finally closed above 80, something not seen in seven years, due to the energy crisis in Europe and Asia.

The experts pointed out as a factor of movement that Goldman Sachs cut its growth forecasts in the US today due to the delay in the recovery of consumer spending for 2021 (from 5.7 to 5.6%) and 2022 (from 4 , 4% to 4%).

On the other hand, the market has its sights set on the new round of quarterly results that begins this Wednesday with data from the large US banks and in which clues are expected on their perception of inflation and problems in the supply chain .

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By sectors, the greatest loss was for communications companies (-1.45%), public services (-1.34%) and financial companies (-1.01%), while only real estate companies increased (0.17 %) and those of basic materials (0.03%).

Among the 30 listed on the Dow Jones, the decline in Visa (-2.34%), JPMorgan (-2.10%), Verizon (-1.99%) and Goldman Sachs (-1.93%) stood out.

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