Wall Street closes in the red and the Dow Jones loses 1.48%

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New York, Dec 17 (EFE) .- Wall Street closed this Friday in red and its main indicator, the Dow Jones of Industrialists, lost 1.48%% after a volatile session in which the omicron variant of the coronavirus and concerns emerged about the monetary policy advanced by the Federal Reserve (Fed).

According to data at the end of the session on the New York Stock Exchange, the Dow Jones subtracted 532.2 points, to 35,365.44 units, and the selective S&P 500 fell 1.03% or 48.03 integers, to 4,620.64 points.

The Nasdaq composite index, which brings together the most important technology companies, today reduced 0.07% or 10.75 units, to 15,169.68 integers.

In the weekly accumulated, the Dow Jones lost 1.68%, the S&P 500 fell 1.93% and the Nasdaq fell 2.95%.

The New York stock market was already dyed red omens after the day before its three main indices closed in red while re-evaluating Wednesday’s announcement by the Fed, which confirmed that it will accelerate the reduction of its bond purchase program, the economic stimulus that launched in the face of the crisis caused by covid-19.

Likewise, the US central bank left interest rates unchanged for the time being.

According to analysts, investors are concerned about the impact these measures may have on economic growth.

“As the Federal Reserve becomes more aggressive and expectations of higher interest rates rise, investors are reducing exposure to stocks” in fast-growing tech companies, said the chief investment strategist at The Leuthold Group, Jim Paulsen, as quoted by the CNBC channel.

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In addition, the fear that inflation will continue to rise, which in November stood at a year-on-year rate of 6.8%, the highest figure in almost 40 years in the country, continues to weigh on market sentiment.

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