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Wall Street indices were unable to reverse the previous day's losses


The session began with small rallies, especially in the Nasdaq index, but selling pressure arose again in the market, leading the three main indices to close in the negative. The Dow Jones 30 fell 0.50%, the S&P 500 lost 0.40%, and the Nasdaq was unchanged. During the day, it seemed that the fears that emerged the day before were beginning to subside or at least not intensify. However, the most widespread sentiments among investors are uncertainty and risk aversion, motivated mainly by fear of a deep slowdown in the economy, which can lead to recession. No analysts or investment bank reports are positive in their economic forecasts, and none of them consider that the markets have found a bottom. The factors that contribute to this negative market sentiment are mainly the war in Ukraine and the lockdown in China. Neither is expected to be solved in the short term, and both are causing inflation to remain at high levels, threatening a slowdown in the global economy.

Source: https://capex.com/en/overview/wall-street-indices-were-unable-to-reverse-the-previous-days-losses
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