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Wall Street corrects after touching new highs and closes mixed, only the Dow Jones advances


Wall street closed on Tuesday with a mixed sign, only the Dow Jones advanced positions. The slight correction came after the New York Stock Exchange indices reached new highs at the opening, after remaining closed this Monday for holidays. Investors maintain their confidence, for the moment, despite the fact that the 'Buffett indicator' has given an alarm signal.

Specifically, the so-called 'Buffett indicator', with which the size of the stock market is compared with the size of the US economy, It is at maximum and that begins to worry, although not enough to affect Wall Street. At least for now, and that something like this has not been seen since the dot-com bubble burst in 2009.

The New York Stock Exchange seems to want to maintain its particular bullish party. The new records come after the bitcoin. The cryptocurrency has confirmed its jump above $ 50,000, although it has not managed to maintain that level for a long time.

This Tuesday, Joe Biden's intention to maintain tariffs on European products imposed by his predecessor, Donald Trump. Among them is the Spanish olive.

"The United States Trade Representative, along with the affected industry, has agreed that is unnecessary at this time review the action of the investigation into compliance with the rights of the United States in the dispute of the World Trade Organization on subsidies to commercial aircraft, "said the country's body in Friday's edition of the Federal Register, the equivalent to the BOE of Spain.

On the political front, the news of the day is in Biden's Cabinet. The president's spokesman, T.J. Ducklo, has presented his resignation after several days in the focus of controversy. The resignation occurs after it has come to light the threatening, sexist and humiliating language with which he recently addressed a journalist from the Politico portal, Tara Palmieri. "I'm going to destroy you," "I'm going to crush you on Twitter," Ducklo told the reporter.

In another vein, in the US this Tuesday the Empire State Manufacturing Survey, which reveals that the sector has regained its lost momentum in February. Manufacturing growth has strengthened for the first time in five months, with the general business conditions index rising to 12.1 in the second month of the year, the highest reading since September 2020. Manufacturers maintain their optimism about the short-term outlook, and believe that activity will continue to expand in the coming months.

And that also helps the easing of fears on Wall Street, along with the vaccine against Covid-19, the economic reopening and the expectations of more fiscal stimuli. "The coronavirus is far from being defeated, but the path to economic normalization is clearer as more vaccines are approved that reduce hospitalizations and eliminate deaths," said Dennis DeBusschere, a strategist at Evercore ISI. CNBC.

On the other hand, energy is in the spotlight due to the freezing weather that is hitting some regions of the United States, such as Texas, where the cold has skyrocketed the price of energy, though oil shows signs of decline and remains unchanged this Tuesday. The West Texas quality barrel, a benchmark in the US, rose 0.1% to $ 59.56, while Brent, a benchmark in Europe, fell 0.4% to $ 63.03.

In the fixed income market, the US 10-year bond advances to 1.257%, while the European stock markets trade with a mixed sign. The Ibex drops 0.4% and moves away from 8,200 points.


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