Wall Street trades lower amid uncertainty over who will control the US Congress after the midterm elections

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Investors were following the results of a very close election that could make it difficult to pass drastic policy changes

Wall Street is trading lower amid uncertainty over who will control the US Congress after the mid-tea elections ;rmino

A Wall Street sign outside the New York Stock Exchange in Manhattan in New York City, New York, United States (REUTERS/Mike Segar)

< b>Wall Street opened this Wednesday in red and the Dow Jones Industriales, its main indicator, fell 0.89%, on the first trading day after the mid-term elections in the United States, which were held yesterday and whose results are still unclear.

Ten minutes after the start of trading, the Dow Jones fell 295.86 points to 32,864.97, while the selective S&P 500 was down 0.87%, or 33.39 units, to 3,794.72.

The Nasdaq Composite Market Index, where the main technology companies are listed, was the most affected with a drop of 1% or 106 units, to 10,509.94.

On Wednesday morning not all had been counted mid-term votes and some races could take days to resolve.

However, US media projections point to Republicans as the favorites to gain a majority in the House of Representatives, while the Democrats have a slight advantage in the Senate.

The Wall Street Journal notes today that “historically” these mid-term elections “they tend to benefit stocks.”

In each of the 19 half-term cycles since World War II, the S&P 500 has risen one year then, according to an analysis by Deutsche Bank.

Inflation data for October will be released tomorrow.

Before the opening of the stock market, Mark Zuckerberg himself, from the American technology company Meta, owner of Facebook, WhatsApp, Instagram and Messenger, announced that he would fire some 11,000 workers, 13% of its workforce, and after Wall Street opened, the company's shares increased by 6.61%.

All sectors began the morning with losses, the most affected being the energy sector, which lost more than 2%.

Among the 30 Dow Jones listed companies, the fall of 10.58% in Walt Disney, which presented its results yesterday, stood out.

In In other markets, Texas oil fell to $87.37 a barrel, the 10-year US Treasury bond yield rose to 4.159%, gold fell to $1,713.10 an ounce, and the dollar gained ground against the euro. , with a change of 1.0019.

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