(Finance) – Wall Street falls as tensions in the Middle East escalate. Israel has launched a ground operation in Lebanon as part of the clash with the Iranian-backed Hezbollah militant group, which has fired ballistic missiles at Israel. After having recorded a second quarter with general gains, the stock markets are subject to realizations, with investors preferring to direct purchases towards defensive assets, such as gold, safe haven currencies and government bonds.
Meanwhile, the ADP report on the US private labor market showed the economy added 143,000 jobs in September, above market expectations, ahead of the official report on the entire job market to be released on Friday.
Today there are several interventions scheduled by US central bank officials: Thomas Barkin of Richmond, Beth Hammack of Cleveland, Alberto Musalem of St. Louis and Fed Governor Michelle Bowman on Wednesday
Investors monitor it dockers’ strike on the East and Gulf Coast, which entered its second day. The strike could cost the American economy about $5 billion a day, according to estimates JPMorgan.
They collapse Nikewhich withdrew its annual revenue target and added uncertainty to the turnaround expected under new CEO Elliott Hill, and Humanawhich expects the total number of members enrolled in its Medicare Advantage plans for those 65 and older to decline by 2025.
Weak Teslawhich missed expectations for third-quarter deliveries amid stiff competition from rivals in China and Europe.
Looking at the main indicesmoves below parity Dow Joneswhich drops to 42,044 points, with a percentage difference of 0.27%; along the same lines, with a slight decrease inS&P-500which continues the day below par at 5,685 points. Just below par Nasdaq 100 (-0.44%); on the same line, under parity theS&P 100which shows a decline of 0.48%.