Market summary:

The Dow Jones ended up losing 1.39% to 23,390.77 points and the Standard & Poor’s 500 fell 1.01% to 2,761.63 points.

In contrast, the technological Nasdaq Composite managed to stay afloat and closed at 0.48% to settle at 8,192.42 points.

Investors are already discounting results below expectations for the majority of US listed companies, which this week are starting to report their quarterly accounts.

Banks JPMorgan Chase and Wells Fargo kick off tomorrow in this new earnings season.

Goldman Sachs will also disclose its numbers this week, as well as other quoted shares off the bench.

The consensus of analysts surveyed by Reuters estimates that profits from S&P 500 listed companies will decline by 9% year-on-year in the first three months of this year, compared to expectations on January 1, before the pandemic hit the markets, which it pointed out for a 6.3% growth.

According to FactSet Research projections, the profits of S&P 500 listed companies are expected to fall 7.3%, in aggregate, in the first quarter - compared to the values ​​of a year earlier.

The estimate for the second quarter is even worse, with analysts surveyed by FactSet Research projecting an average decline of 15.1% in profits - which, if any, will rival the worst performance of these companies since the decline of 15.7%. % recorded in the third quarter of 2009 (the end of the Great Recession).

Last week, which was shorter due to Good Friday, Wall Street ended with a positive balance. Enlivening investor sentiment was the slowdown in the number of new cases of covid-19, but what boosted most was the announcement of a 2.3 billion economy support program announced by the US Federal Reserve. dollars - which the Fed plans to inject into companies and state governments.

In today's session, on the side of gains, technological highlights were highlighted, which cheered Nasdaq.