Tuesday, December 5, 2023

Wall Street closes in green and Dow Jones rises 1.24% before an imminent debt agreement

Wall Street closed this Wednesday in green and the Dow Jones Industrials, its main indicator, rose 1.24% in the hopes of an imminent agreement between the two major parties in the United States to raise the debt ceiling, which puts an end to several days of anxiety .

At the close of business, the Dow Jones it climbed to 33,421.23 units and the selective S&P 500 also rose 1.19% to 4,158.81 points.

The Nasdaq Composite Market Index, which lists the major technologicalalso rose 1.28%, to 12,500.57 integers.

The president of United States, Joe Bidenhe was sure today that there will be an agreement between Democrats and Republicans on the debt limit that will avoid the country’s suspension of payments, because all the leaders involved “understand the consequence” of not reaching that consensus.

“We had a productive meeting and I am sure that everyone in the room agreed” on the need to reach consensus, because “there is no other alternative“, Biden said about this negotiation that is increasingly urgent, given that, according to Treasury calculations, the country will not be able to face its payments as of June 1 if the agreement on the limit of debt.

By sector, there was a predominance of Profitshighlighting those of financial (2.09%), energy (2.07%) and non-essential goods (2.04%).

The same was the tonic between the 30 values of the Dow Jones, highlighting the gains of Home Depot (3.56%), JPMorgan Chase (3.07%) and Boeing (2.99%); the losses mainly affected Intel (-1.2%) and Merck (-1.12%).

In other markets, the Petroleum Texas closed at US$72.83 a barrel, and at the end of the trading session the cost effectiveness of the 10-year US bond rose to 3.577%, gold fell to US$1,986.4 an ounce, and the dollar gained ground against the euro, with a change of US$1.0838.


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