Wall Street opened this Thursday in mixed terrain and the profitability of US debt bonds remained unstable after the US Chamber of Representatives of the EU Congress approved the draft Law on Fiscal Cuts and Expenses promoted by the President, Donald Trump.
Ten minutes after the bell touch, the selective S&P 500 fell 0.17%, up to 5,834 integers; The Dow lost 0.11%, up to 41,813 points; while the technological Nasdaq remained practically flat and rose a light 0.03% to 18,879 units.
On the other hand, at that time the 30 -year Treasury bonus yield rose to 5.122%, the 10 -year bonus retreated up to 4,591%and that of the 2 -year bonus fell to 3,979%.
The bill, which will now be discussion to the Senate, worries the markets due to its high cost, which affected this beginning of the day to the yields of the US Treasury bonds.
Some investors are restless about the increases in returns, since instead of increasing for a perspective of strong economic growth, they are doing it for concerns about inflation and the growing gap between income and expenses of the US government.
The bill passed in Congress with a narrow margin after a long night session, after conservative Republican congressmen, contrary to the legislation because it considers that the deficit increases, held several meetings with the White House to reach an agreement.
The megaproject of the law seeks to extend Trump’s tax exemptions in its first term (2017-2021), as well as add new sales, such as exemptions to tips and payments to buy cars manufactured in the US.
It also includes an increase in border management funds, restrictions on food and medical health care programs, or measures on the controversial 5% tax on remittances sent outside the country, which have caused new criticisms of the president of Mexico, Claudia Sheinbaum.
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UnitedHealth and Home Depot lead losses of Wall Street
In the Dow 30 index, the greatest losses were Unitedhealth (-1.12%) and Home Depot (-1.09%), while the only profits were for Nike (1.43%) and Microsoft (0.99%).
In the raw material market, the price of Texas intermediate oil (WTI) fell 1.38%, up to $ 60.72 a barrel.
Regarding the cryptocurrency market, the bitcóin rose 3% at the time of the opening of US indices, up to $ 111,262, after previously reaching the record above $ 111,000.
With EFE information
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