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Wall Street opens in fall with investors waiting for budget plan to be approved

The top three Wall Street indices opened Friday’s session to trade lower, with the energy sector lobbying.

At this point, the Dow Jones loses 0.01% to 31,426.75 points and the S&P 500 falls 0.19% to 3,909.42 points. The technological Nasdaq Composite drops 0.45% to 3,909.42 points.

The top three indices reached record highs this week and were on their way to their second consecutive weekly victory, at a time when the number of new cases of covid-19 and inpatients is slowing.

The focus of investors is on US President Joe Biden, who will meet with a group of governors on Friday, while continuing to push for approval of his $ 1.9 billion budget plan.

Business results continue to deserve investors ‘attention, at a time when about 82% of S&P 500 companies outperform analysts’ forecasts for the figures for the last quarter of last year.

Today, hitchhiking these results, companies like Walt Disney or Paypal are valuing 1.5% and 3%.

Source: Jornal de Negócios by www.jornaldenegocios.pt.

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