Major equity indices declined at the open as investors pulled back amid rising crude oil prices and tensions in the Middle East. Tech shares led the initial losses on Wall Street, with broader benchmarks also retreating into negative territory across the session’s first trades.
Losses across New York benchmarks
The tech-heavy Nasdaq fell 0.87 percent to reach 27,008.17 points in opening trading, while the broader S&P 500 index retreated 0.44 percent to 7,729.55 points. The Dow Jones index declined 0.35 percent to 51,683.02 points.
The Mexican peso stood at 17.29 pesos per dollar during the morning session. In late trading, as of 17:35 GMT by our market data, the S&P 500 stood at 7,741.25 points, down 0.30 percent from the previous close.
Cautious trading across European bourses
In Europe, Spain’s IBEX 35 declined 0.46 percent to 19,662.90 points, and France’s CAC 40 dropped 0.34 percent to 8,125.13 points. Germany’s DAX held flat with a 0.0 percent change at 25,427.04 points. London’s FTSE 100 traded at 10,708.30 points.
Analysts from Grupo Financiero Ve por Mas anticipated cautious investor behavior due to scarce economic data during the session and ongoing monitoring of oil price movements related to geopolitical conflict in the Middle East. Tech shares bore the brunt.
Related: Wall Street gains as falling crude eases inflation worry · Wall Street indexes fall as rate hike bets rise
Data: S&P Dow Jones Indices
