Wall Street opened this Thursday lower, weighed down by data from the Gross Domestic Product (GDP) of the first quarter, worse than expected, and after several disappointing corporate results this week, with which the Dow Jones Industrialsits main indicator, opened with a decline of 550 points, 1.44%, to 37,909 integers.
Ten minutes after the trading floor opened, the selective S&P 500 fell 1.39% to 4,999.17, losing the level of 5,000, and the technological Nasdaq fell 2.08% to stand at 15,385 integers.
The preliminary GDP data for the first quarter was a growth of 1.6% in an annualized rate, below what analysts expected, which pushed all indicators downward in the first hour.
Meta continued to suffer declines after presenting disappointing projections for 2024 this Wednesday and despite better-than-expected first quarter results.
The group of the seven big technology companies opened with widespread losses, with Alphabetowner of Googlewith a decline of more than 4%, Amazondown nearly 5% and Microsoft in a similar downtrend.
Tesla contained the disaster after announcing measures to deal with falling sales, while Nvidia It remained without major changes at the opening.
In the sectors, communications fell nearly 6%, while discretionary goods lost 1.27% and real estate fell 1.23%. Only essential goods were maintained without entering into losses at the opening.
In the Dow 30 index, the falls were led by IBM (-8,63 %), Caterpillar (-7,47 %), Microsoft y Amazon. In the green they stood out Merck, MSD outside the US, with an increase of 3.55% and Coca Colawith an increase of 1.14%. (I)
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