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%.

We recommend you read:

  • Judge annuls ruling and allows the Biden Government to end Stay in Mexico
  • FBI Withdraws 10 Boxes From Trump Residence: WSJ
  • Number of monkeypox cases in the US triples in 15 days

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.