The new lockdowns in Europe shook Wall Street, which closed a week with ups and downs

Increased concern for the COVID–19 in view of the imminence of new confinements in Europe affected several sectors on Friday, bringing down the Actions and to Petroleum and boosting the dollar.

Wall street operated unevenly, with a new record high of Nasdaq at the opening thanks to the good performance of the technological and a decline in the Industrial Average Dow Jones for fear of a stagnation of the economic recovery. For the week as a whole, the Dow Jones lost 1.38%, its second week in the red, while the S&P 500 gained 0.3% and the Nasdaq a remarkable 1.2%.

Markets went into a tailspin after it became known that Austria will become the first Western European country to reimpose a total lockdown to combat a new wave of coronavirus infections, amid signs that Germany could follow suit.

“A total shutdown in Germany would be very bad news for the economic recovery”Said Ludovic Colin of Swiss asset manager Vontobel. “It’s just what we saw in July and August of this year in parts of the world where Delta was important: (COVID-19) came back and slowed down the recovery again.”.

Airlines like United (-2.78%) and Delta (-1.15%), and tourism companies from Expedia (-0.80%) to Airbnb (-3.87%).

By sectors, the most affected was the energetic, which fell by 3.91% in parallel to the price of a barrel of Texas due to the risk that the demand for fuel suffers.

On the other hand, he highlighted the rise in companies technological (0.77%) and public services (0.58%).

Among the 30 listed on the Dow Jones, the losses led Boeing (-5.82%), MSD (-2.84%) and Travelers (-2.24%). The highest earnings went to Nike (2.05%), Apple (1.70%) and Amgen (1.01%).

In other markets, Texas oil rose to $ 76.10 a barrel; and at the close of Wall Street, the gold dropped to $ 1,848.10 an ounce, the 10-year Treasury bonds yielded to 1.538%, and the dollar it was gaining ground against the euro, with a change of 1.1287.

The United States House of Representatives approved on Friday a social spending project for 1.75 trillion dollars, which if it ends up becoming law will fulfill some of President Joe Biden’s top priorities, such as new funds to fight climate change.

(With information from EFE and Reuters)

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