Home Economy Wall Street ends in red. Increase in the value of companies in the defense sector – Stock Exchange

Wall Street ends in red. Increase in the value of companies in the defense sector – Stock Exchange

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Wall Street ends in red. Increase in the value of companies in the defense sector – Stock Exchange

Wall Street ended Tuesday's session at… Negative ground. The biggest The catalyst for the decline recorded in major North American indices was the Iranian attack on Israel.

The Standard & Poor's 500 index fell 0.81% to 5,715.87 points, while the Nasdaq Composite index fell 1.42% to 17,930.76 points. The Dow Jones index fell by 0.24% to 42,229.05 points.

Companies operating in the energy sector benefited from the escalation of tensions in the Middle EastIt could also be caused by the delicate situation in the Middle East Oil production in the region, responsible for about a third of the world's crude oil production, was disrupted.

In view of this, Shares of companies related to the defense sector also roseincluding Northrop Grumman shares, which rose 2.99%, but also Lockheed Martin shares, which rose 3.64%. The Standard & Poor's 500 aerospace and defense sub-index rose more than 1% to a record high.

During the day, investors analyzed new job opportunities in the United States of America, which recorded a sudden increase – This paves the way for a new interest rate cut by the North American Federal Reserve – but this was not enough to address market concerns about increasing tensions in the Middle East.

The number of job openings in August rose by 329,000 to 8.040 millionHigher than market expectations of 7.655 million.

Investors continued to closely monitor a US port strike that disrupted the flow of about half of the country's shipping. The strike by longshoremen – leaving major ports on the US East and Gulf coasts for the first time since 1977 – was a cause for concern.Because the longer traffic is closed at major US container ports, the greater the economic losses. JPMorgan estimates that the current shutdown will cost up to $4.5 billion per day.

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Among the “major technology companies”, NVIDIA shares fell by 3.66%, Apple shares lost 2.91%, Microsoft shares fell by 2.23%, and Amazon shares fell by 0.64%. On the other hand, Alphabet stock advanced 0.74%, and Meta stock rose 0.70%.

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