Los US markets they closed in negative ground this Thursday in the face of new concerns about the stability of regional banks and the growing nervousness about the trade relations between the United States and China.
He Dow Jones fell 0.65%, he S&P 500 fell 0.63% and the Nasdaq lost 0.47%reflecting a climate of caution among investors.
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The financial sector led the losses after reports that showed credit fragility. Zions Bancorporation plummeted 13.14% after recognizing a heavy loss due to two bad loans in its Californian subsidiarywhile Western Alliance fell 10.88% after revealing problems with a fraudulent borrower.
The big banks also gave way Bank of America (-3.52%), JPMorgan Chase (-2.24%) y Wells Fargo (-2.86%)erasing part of the gains obtained at the beginning of the week.
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Added to the financial uncertainty are the geopolitical risks. The American president’s ambiguous signals about a meeting with China and the budget paralysis in Congress keep investors on alert, who see the economic stability short term in USA.
The post Wall Street falls due to tensions with China and banks appeared first on Veritas News.
