The technological return to engulf Wall Street

Donald Trump threatens with a collapse of the markets if you undergo an impeachment

the united States urges Spain not to apply “unilaterally” the ‘rate Google’

gone Is the magic of the technology. The companies of this sector, which had been the wave on which he rode the rise of Wall Street in the first year of the presidency of Donald Trump, seem to have entered a correction unstoppable. Please add to this, the biggest industrial enterprise in the united States, General Electric, builds up bad news almost daily, and the u.s. Stock market appears clearly in the way of a correction.

this is how Wall Street has borne the Monday a new day in black, with a collapse of the Dow Jones 1.9%, in the case of the NASDAQ, which has a strong presence of technology companies amounted to 2.5%. The other major index of large companies, the Standard and Poor’s, lost 1.6%. The Dow Jones and the NASDAQ are at the same level as in January, and the Standard and Poor’s already recorded losses so far this year.

the reasons for The collapse are several. On the one hand, the manufacturer of electronic components Lumenrum Holdings informed the market that one of its customers had cut their orders. According to the market, this customer is Apple, which saw immediately the value punished.

The technology giant is usually to see your quote damaged after publishing its quarterly results, and what is happening is, thus, normal. On this occasion, in addition, the market fears that emerging markets, which have been the engine of growth of Apple in recent years, are slowing down.

The FAANG -the acronym of Facebook, Apple, Amazon, Netflix, and Google – plus Microsoft accounted for 1.50% of all values in the index, Standard and Poor’s which groups the 400 largest companies of Wall Street. But to have reached the 15% of the market capitalization of the stock market.

Your braking, therefore, has implications for the Bag. Amazon has declared that its sales in the Christmas campaign will not be as good as expected, and Facebook is still not recover from the blow that his reputation received by the scandal of the use of their data by the political consultant Cambridge Analytica during the campaign of Donald Trump.

Besides, other large companies in the US are seeing how to build up the bad news. The most obvious case is that of the industrial giant General Electric, which after nearly eliminating its dividend, still without having a clear strategy, and can deal with even liquidity problems. The leader of Wall Street, Goldman Sachs, is involved in a corruption scandal in Malaysia, and the low oil prices have affected the companies in that sector.

To this are added the political problems and prosecutors in Italy, and the impact of the trade war between the united States and China in the global supply chain. Another factor is the tightening of monetary policy by the Federal Reserve and the fact that the impact of the decrease in taxes from January to the highest incomes, and businesses are leaving unremarked.

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