Wall Street down; technology and travel companies fall


UNITED STATES.- Stock prices fell Tuesday at noon on the New York Stock Exchange, after technology and travel companies fell due to poor financial reports and at a time when investors remained vigilant about inflation.

The S&P 500 index fell 0.4% while the Dow Jones Industrial Average lost 20 points (0.1%) to 32,812 and the Nasdaq fell 1.3%.

Tech stocks fell sharply, depressing the rest of the market.

Chipmaker Micron Technology fell 5.7% after warning investors that profits could be reduced due to the drop in demand.

That warning affected the entire chipmaker industry. Nvidia fell 5.6%.

Norwegian Cruise Line fell 12.2% after issuing a disappointing financial report and an unfavorable forecast. This depressed the entire travel sector: Expedia fell 3.2% and American Airlines lost 3.3%.

US crude prices were little changed and the energy sector advanced. Exxon Mobil gained 2.9%.

Audience measurement company Nielsen rose 21.4% as it announced progress in negotiations to be acquired by a private equity company.

The yield on US 10-year Treasury bonds rose to 2.78% from 2.75%.

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Investors remain attentive to inflationary trends. The US government will issue its report on consumer prices for July on Wednesday, and producer prices on Thursday.

Source-www.debate.com.mx