Selling on Wall Street with high returns. Goldman falls the biggest in a year and a half – Stock Exchange

The Dow Jones Industrial Average closed 1.51% lower at 35,368.47 points. On January 5th, it touched an all-time high of 36,952.65 points.

The Standard & Poor’s 500 Index fell 1.84% to 4,577.11 points. And in the intraday trading on January 4th, it reached the highest value ever at 4818.62 points.

On the other hand, the Nasdaq Technology Index decreased by 2.60% to settle at 14,506.90 points. On November 22, he recalled that he had reached an all-time high of 16,212.23 points.

The bank was among the worst performers, especially Goldman Sachs. The bank reported today 2021, as revenue from trading activity for the fourth quarter came in less than expected, disappointing investors. Shares closed 6.98% lower at $354.40 — and during the session fell 8%, their biggest one-day drop since June 2020.

Goldman’s shares have been one of the pandemic’s success stories, rising 45% last year, Bloomberg confirms. But investors have now turned their attention to how the bank will behave in a quieter market, where the share price has been very flat in recent months.

On Friday, lower-than-expected accounts from Citigroup and JPMorgan Stanley penalized the stock exchange’s financial sector. Tomorrow the results of Bank of America and Morgan Stanley will be announced.

The technology sector has been on the decline as well, under pressure from listed companies such as Apple, Meta Plattforms (Facebook) and Microsoft, mainly due to higher interest rates on US sovereign debt. Microsoft’s downfall also comes in the context of the $69 billion spending it will have to sustain Buy from Activision Blizzard.

The expected tightening of US central bank monetary policy – with a possible increase in key interest rates as early as March, in a total of at least three hikes this year, as indicated – has boosted Treasury yields, essentially triggering sanctions Tech, which is negotiating high prices, having risen in the past two years thanks to low interest rates.

Speculation that several central banks, including the US Federal Reserve, will have to start raising interest rates sooner than expected has put pressure on stock markets across the board.

In the Tuesday session, the oil sector was one of the few bulls, as it criticized the biggest declines on Wall Street. This was on a day when crude oil prices were trading at their highest levels in seven years.