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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe New York Stock Exchange remains weighed down by inflationary fears. In business news AT&T (-2.7%) confirmed the spinoff of its subsidiary WarnerMedia in the context of a merger with Discovery (-5%) amid increased competition in the world of video streaming .
At the close, the Dow Jones index fell 0.16% to 34,327 points, while the broad S&P 500 index fell 0.25% to 4,163 pts, and the Nasdaq Composite, rich in technology and biotech stocks , fell 0.38% to 13,379 points.
The Dow Jones had dropped 1.1%, while the S&P 500 had fallen 1.4% over 5 sessions. The Nasdaq had dropped 2.3%, and has now chained 4 weeks of decline in a row. It has lost 5.3% since its last record recorded on April 26, at 14,138 pts.
Among the biggest declines of the day are Walt Disney, which lost 2% after -2.6% already on Friday, following the announcement of a slowdown in subscriptions to its streaming video services. Among the big "techs", Apple lost 0.9%, Microsoft 1.2%, Salesforce 1.2% and Tesla fell 2.2%. In contrast, Amazon gained 1.4%.
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