Wall Street kicks off last session of the week

The market is reacting badly to the results of IBM and the announcement that Intel will start manufacturing its own chips internally. Oil is falling in London and New York.

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, US, January 5, 2017. REUTERS / Lucas Jackson

The three main indices of the New York Stock Exchange started trading on Friday low, in line with European markets.

Shortly after the start of the session on Wall Street, industrialist Dow Jones lost 0,11% to 31.141,56 points; the S&P 500 fell 0,48% to 3.834,50 points; and the technological Nasdaq yielded 0,36%, to 13.481,90 points.

“Wall Street kicks off this Friday. The very negative reaction to IBM's weak revenues, as well as concerns related to Intel's intention, which even showed accounts above expectations, in producing its own chips, mark the beginning of the session ”, says Ramiro Loureiro, market analyst Millennium bcp.

The actions of Intel are devaluing more than 5%, pressured by the reaction of the market on the company's plan to start manufacturing its own products chips, which overshadowed the results of the last quarter, which exceeded market forecasts.

IBM securities, on the other hand, are suffering from last quarter's results. The technology presented revenues below expectations, having fallen 6,5% year-on-year, to 20,4 billion euros, but earnings per share exceeded market forecasts. Still, the bonds are sinking by almost 10%.

In the case of raw materials, the price of oil is falling on both sides of the Atlantic. In London, Brent depreciates 1,8%, to $ 55,09, and in New York, WTI loses 2,09%, to $ 52,02.

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