The New York Stock Exchange fell on Monday, again concerned about the Omicron variant of Covid-19 and the monetary policy meeting of the United States Federal Reserve (Fed) this week.
The Dow Jones Industrial Average lost 0.89% to 35,650.95 points, the NASDAQ technology lost 1.39% to 15,413.28 units and the S&P 500 fell 0.91% to 4,668.97 integers.
The British Prime Minister, Boris Johnson, reported the first death in the United Kingdom due to this new mutation. China announced the first case of Omicron detected in Tianjin.
“There is concern about the Omicron variant, as more and more countries are reporting cases,” explained Angelo Kourkafas, Investment Strategy Specialist at Edward Jones.
Most of the top 11 industry indices in the S&P 500 fell. Only defensive ones, such as consumer staples, utilities and real estate, won.
Tourism firms were among the hardest hit in the first session of the week, such as cruise ship Carnival Corp, which lost 4.88% to $ 18.34, while Norwegian Cruise Line fell 4.41 percent. The US airlines American Airlines and United Airlines lost 4.94 and 5.24% respectively.
Those who lost the most
The technology sector was also affected. Graphics card maker Nvidia’s shares fell 6.75 percent, and semiconductor developer AMD’s shares fell 3.43 percent.
Automotive was another of the sectors that suffered the most, with General Motors falling 6.45% and Ford 4.76 percent.
Electric car maker Tesla lost 4.98% and even ended up with a market capitalization of $ 970.531 million. This move came at the same time that Elon Musk, CEO, was named “Person of the Year 2021” by Time magazine.
However, Democratic Senator Elizabeth Warren wrote on her Twitter account: “Let’s change the rigged tax code so that the Person of the Year actually pays taxes and stops taking advantage of everyone else.”
Apple, which nearly hit a market value of $ 3 trillion last week, lost 2.07% Monday to $ 175.74 per share and hit a market cap of $ 2.88 trillion.
“It’s the transportation, restaurant, aviation and tourism sectors that would be affected again if population restrictions are put back in place,” said Tom Martin, Senior Portfolio Manager at Globalt Investments.
Although not everything was losses on the New York Stock Exchange. The pharmaceutical sector benefited from the Omicron variant concerns, as BioNtech shares rose 7.97%, followed by Moderna with a rise of 5.81% and Pfizer 4.59%, as it announced the purchase of the Arena Pharmaceuticals laboratory for 6.7 billion euros. Dollars.
Bags in Mexico
The main index of the Mexican Stock Exchange, the S & P / BMV IPC, fell 1.55% to 50,419.17 points, while the FTSE-BIVA, of the Institutional Stock Exchange, fell 1.65% to 1,040.09 integers.
Within the S & P / BMV IPC, the losses were concentrated in the financial sector (-3.12%) and telecommunications (-2.40%). By issuer, 27 of the 35 companies fell, led by Banorte (-4.42%), Banco del Bajío (-4.30%) and Regional (-3.21%). In contrast, the stations with the best performance in the session were Megacable (2.27%), Walmex (1.09%) and Cuervo (0.93%).
Analysts expect a 25 basis point hike in the Banco de México rate this Thursday to 5.25 percent.
Regarding the pandemic, analysts from Banco Ve Por Más highlighted in a report that the expansion of the Omicron variant has caused more companies to delay their return to their offices. (With information from Agencies)
termometro.economico@eleconomista.mx