Wall Street ends with losses and the Dow Jones fell by 0.29%

Wall Street closed today with losses in the first trading session of December after accumulating profits coming in November, and the Dow Jones Industrial Average, its main indicator, fell 0.29%.

At the close of trading on Monday, the Dow Jones lost 51.44 points to reach 17776.80 integers, while the S & P 500 was down 0.68% or 14.12 points to the 2053.44 points.

The Nasdaq composite index, meanwhile, fell by 1.34% or 64.28 points, to 4727.35 integers, breaking the streak of seven consecutive days with gains.

Analysts attributed the declines today not only making record profits by the Dow Jones and the S & P 500 have been accumulating in November, but also for reasons linked to the retail consumer.

The last “black Friday,” party retail consumption in the United States, did not have the expected results, according to a survey of an organization that brings together retail firms, there was a reduction of 11% over last year.

It also influenced the session the announcement of the Institute for Supply Management (ISM, for its acronym in English) that manufacturing production fell slightly in November, but remains at around maximum of the last three years levels.

By sector, the biggest loser was the telecommunications, 1.51%, followed by industry (-1.32%) and technology (-1.21%). There were no developments in any of the major market sectors Wall Street.

Among the thirty titles Dow Jones Industrial Average, the biggest is the scored two oil companies, Chevron (+2,63%) and Exxon Mobil (+2.00%), followed by the technology firm Microsoft (+ 1.78%) .

Oil companies were benefited by a rebound in the price of Texas crude, which rose 4.3% to $ 69 a barrel, after falling at the last meeting, Friday, 10.23%.

The energy market is experiencing a high volatility for several months and was exacerbated when, last Thursday, the Organization of Petroleum Exporting Countries (OPEC) decided at its biannual meeting to maintain its current production.

The oil cartel maintained production at 30 million barrels a day, without a cut asking some member countries in order to avoid the sharp drop in crude oil prices that has been recorded in the second half of this year.

Although only two oil within the Dow Jones group led gains, the energy sector lost 0.45% because other companies are more exposed to low oil prices that the “giants” Chevron and Exxon Mobil. Within the group of thirty titles of Dow Jones, the steepest loss was that of General Electric (-1.77%), followed by Nike (1.61%) and the signing of Caterpillar (-1.59%) equipment.

Out of this group of companies highlighted the decline of 3.25% in the titles of Apple, after the investment firm Morgan Stanley recommend to their clients to reduce their positions in the technology firm.

Along with that came unconfirmed reports, that a large investment firm, Vanguard, had fallen from a package of titles tech firm enough to make move down the price of the shares of Apple.

In other markets, the price of gold but rose 3% to $ 1,211 an ounce, the profitability of the ten-year government bond rose to 2.2359% and the dollar lost ground against the euro, which was changed to $ 1.247.