Wall Street closes in low: omicron and inflation concern investors

Reuters.- Wall Street closed down this afternoon after a morning rebound faded, because investors were concerned about the most recent variant of the coronavirus and their arrival in the United States, when they would digest comments from the president of the Federal Reserve, Jerome Powell,About inflation.

Tras haber avanzado hasta un 1,9% a última hora de la mañana, el S&P 500 cedió sus ganancias para cerrar con pérdidas junto con el Dow Jones y el Nasdaq.

At the last minute of the day, the Centers for the Control and Prevention of diseases of the United States (CDC) said that the country had detected its first case of the omicron variant, which had infected a person who came from South Africa, where it was initially discoveredThe variant.

In the morning, Powell said that those responsible for the economic policy of the Federal Reserve should be prepared to respond to the possibility that inflation does not go back in the second half of next year, as expected.

Wall Street fell on the eve after Powell surprised the market by pointing out that the Central Bank would consider the withdrawal of its bond purchase program at its December meeting for an acceleration of inflation.

Read more: Pandemia still sticks to tourism: they foresee consumption by the end of the year 11.4% lower than twenty19

Wall Street, between two fires

"The market is dealing with the double concern of the omicron variant, which may or may not be able to evade the vaccine, and a more aggressive Powell than expected," said Chris Zaccarelli, Director of Investment of Independent Advisor Alliance.

Wall Street suffered a strong fall on Friday, when it was known about the existence of the variant, while the health authorities affirmed that they have not yet found out their transmissibility or danger, nor the protection that existing vaccines can offer.

On Monday, the market rebounded strongly, since investors looked for bargains after the fall, to go down on Tuesday due to Powell's comments.

"We try to buy with the fall again (this morning), but the news that omicron is already here has removed some wind at the candles of the optimists," said Zaccarelli.

Según datos preliminares, el S&P 500 perdió 54.09 points, or 1.22%, to end at 4,511.14 units, while Nasdaq lost 291.76 points, or 1.88%, at 15,244.twenty.The industrial average Dow Jones fell 476.74 points, or 1.38%, at 34,014.22 units.

Si bien los 11 principales sectores del S&P ganaban a primera hora de la tarde, la mayoría cayeron hacia el final de la sesión.The communications services sector was the most.

You may be interested: CFE has 24 hours to suspend hiring for gas plants or will fall into contempt