Thursday, September 21, 2023

Wall Street closes in green and the Dow Jones rises 0.11%

Wall Street closed this Wednesday in green and the Dow Jones Industrials, its main indicator, rose 0.11%, closing four consecutive upward negotiations.

Upon completion of trading on the New York Stock Exchange, the Dow Jones rose to 34,891 points, while the selective S&P 500 it rose 0.39% to 4,515 integers.

The Market Composite Index Nasdaq, which groups technology companies, grew by 0.54%, up to 14,019 units.

The New York parquet began the day in the green and remained on the rise as some technology companies, such as Nvidia or Applewere recording increases after a difficult month.

Apple shares, in particular, rose more than 1% after the company yesterday sent out invitations to an event on September 12, where it is expected to announce new iPhone models.

The day was marked by data pointing to a cooling of the US economy, when the Federal Reserve (Fed) maintains a high interest rate policy to try to contain persistent inflation.

Private job creation, for example, was reduced to 177,000 jobs in August, below analysts’ expectations, according to data from the ADP firm.

Meanwhile, it was learned that the gross domestic product (GDP) American grew 0.5% in the second quarter of this year compared to the previous quarter, one tenth less than estimated last month.

According to CNBC, this trend gave investors confidence, who expect an easing in the Fed’s rate hikes.

Most sectors closed in green, headed by technology (0.83%), energy (0.52%) and industrial (0.44%); On the other hand, public goods (-0.42%) and sanitation (-0.02%) fell.

Among the 30 listed Dow Jonesthe biggest gains were for Apple (1.92%), Salesforce (1.45%), Home Depot (1.02%) and Caterpillar (0.82%).

In other markets, the Texas oil it rose to US$81.67 a barrel and at the close of the stock market, the 10-year bond fell to 4.118%, gold rose to US$1,971.7 an ounce and the dollar lost against the euro, with a change of US$1,092.


Please enter your comment!
Please enter your name here

Latest article