The New York Stock Exchange opened red this Wednesday, dragged down by a decline in the profitability of 10-year government bonds below the value of two-year securities, which some analysts see as the recession signal.
By noon (local time, 16 GMT), the Dow Jones gave 2.2% to 25,690 points, For their part, selective S&P 500 fell another 2.2% and technology index Nasdaq It fell about 2.7 percent.
bond yield investing, where short-term loans (two years) are larger than long-term ones (10 years), is a concern and is considered a classic sign of recession, and This was the last time in June 2007, when the US mortgage debt crisis worsened, In addition, yields on 30-year bonds fell to historic lows.
New York parquet went through another hesitant week, with indicators marking the distance with the previous day's gain motivated by a mid-December delay in imposing a portion of customs on Chinese goods by the White House.
So, by sector financier (-2.05%) was one of the hardest hit and the major banking groups in the country have fallen: JPMorgan (-2.59%), Bank of America (-2.81%), Goldman Sachs (-2.80%) or Wells Fargo (-2.20%).
They supported themselves and energy sector (-2.73%) from irrelevant goods (-2%), while only green utility companies were green (0.11%).
The price of Texas Intermediate Oil (WTI) is down 3.57% to $ 55.06, discouraged by the latest macroeconomic data from Europe and China.
"Historically, the curve has always been seen as a sign of recession in the United States, and it remains to be seen whether this will continue to be the case. Without a doubt, the world seems a less secure place"said Tim Graf, a strategist at State Street Global Advisors.
(With EFE and Reuters data)