The New York Stock Exchange reacted today with losses to the negative results of Procter & Gamble (NYSE: PG) and Philip Morris (NYSE: PM) and to business news that in the end impacted the technological giant Apple (NASDAQ: AAPL).
Investor caution overwhelmed the main Wall Street indicators and left them in negative territory.
Thus, the Industrial Dow Jones subtracted 0.34% and the composite index of the Nasdaq market, in which the main technological firms are listed, fell 0.78%.
The S & P 500, the index based on the market capitalization of 500 large companies, lost 0.57%, affected by the setback suffered by the shares of the companies of basic consumption.
With that result, the S & P 500 also cut the streak of three continuous sessions of advances that were noted this week and that has not accumulated since mid-February, according to analysts.
The downward forecast of its production calculations made by the Taiwanese semiconductor firm TSM and associated with a decline in mobile phone sales, particularly those of Apple, affected the performance of the giant, whose shares subtracted 2.83% .
The poor results of Procter & Gamble, the multinational recognized by personal care and household products, which reduced its benefits by 40% in the last nine months, also agitated the investment mood.
The Wall Street Journal explained that investors are concerned that manufacturers of consumer products are stagnating when facing, among others, dilemmas such as the low loyalty of buyers, which makes it difficult for them to increase prices.
Another reef was opened by the Philip Morris tobacco shop, recognized by the Marlboro brand, which fell 15.57% on the New York Stock Exchange on Thursday, after publishing that the volume of its shipments was reduced by 5.3% in the first quarter, before the losses suffered in markets such as Japan, Russia and Saudi Arabia.
The session also had as background issues the rise in the yield of the 10-year Treasury bond, which reached 2,914%, a level not seen since the beginning of the year, as well as the reduction of applications for unemployment benefits last week , which totaled 232,000, slightly above the forecasts of the analysts.