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Wall Street erases rises with a stroke of the pen after Powell's warnings


Wall street has closed with very strong falls despite starting the session in the green (Dow Jones -1.92%; S&P 500 -2.37%; Nasdaq -3.02%). The main stock exchanges in the United States managed to close this Tuesday with increases after three weeks in the red. The correction of the technological ones continues being the great headache of the markets.

On the political front, Jerome Powell, president of the Fed, has asked this Tuesday that the US Government launch a new round of stimuli about the largest economy in the world. From the Federal Reserve they feel alone as Republicans and Democrats drag out their negotiations for another package of measures for months.

The Fed's warnings come days after Congress has terminated the bill to roll out a new stimulus package. This is causing the market be cautious of economic recovery.

"Markets are digesting and grappling with the idea that investors' expectations for growth might not materialize"explained Lauren Goodwin, economist and strategist at New York Life Investments.

Although there are those who are celebrating today. It's about Nike. The American sportswear manufacturer has just announced that its online sales have risen 80% year-on-year in the last quarter thanks to the pandemic. These results have boosted it in the stock market more than 8%

Continuing in business matters, Tesla lengthens his correction with more falls of 10% after a Battery Day that has left analysts and investors somewhat cold. The biggest headline Elon Musk has left is that $ 25,000 electric car they have set out to build.

Johnson & Johnson it is also news thanks to its Belgian subsidiary, Janssen. The pharmaceutical company will begin the trial of its single-dose vaccine in 60,000 volunteers that aims to revolutionize its administration and distribution.

On the other side of the Atlantic the Ibex has closed flat, weighed down by the falls of the big banks and despite the push from the pharmaceutical companies. Finally, in Asia, the stock markets have closed in the green led by Australia, which has advanced a solid 2%.

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