Friday, September 22, 2023

Wall Street closes in green and the Dow Jones rises 0.15% after better inflation data

Wall Street closed this Thursday in green and the Dow Jones Industrials, its main indicator, rose 0.15% after a day marked by the inflation data in the United States for July, which was better than expected.

At the end of the operations in the NYSEthe Dow Jones rose to 35,176.15 points, while the selective S&P 500 it gained a slight 0.03%, to 4,468.83 integers.

The Market Composite Index nasdaqwhich groups technology companies, rose 0.12% to 13,737.99 units.

The US inflation in July it stood at 3.2% based on its annualized rate, higher than the previous month but not as bad as analysts expected, raising expectations that the Federal Reserve (Fed) soften your campaign to raise interest rates.

“After a very subdued inflation report, Wall Street remained optimistic that the Fed will not need to raise rates in September”opined in a note the analyst Edward Moya, of the firm Oanda.

Other than that, investors reacted positively to the results of Disneywhich posted quarterly losses attributed to its restructuring but said it will raise ad-free subscription prices to its Disney+ content platform.

the giant of entertainment shot up 4.85% today topped gains in the Dow Jones group, followed by Intel (1.17%), Salesforce (1.15%) and Amgen (1.06%).

The higher losses they were for Goldman Sachs (-0.62%), Nike (-0.60%), Johnson & Johnson (-0.52%).

By sectors, he highlighted the progress of the communications companies (0.42%) and non-essential goods (0.28%)compared to the decrease in public services (-0.32%) and real estate (-0.31%).

In other markets, Texas oil fell to US$82.82 a barrel and, at the close of trading, gold was down at US$1,945.7 an ounce, the yield on the 10-year US bond rose to 4.096% and the dollar was losing ground against the euro, with an exchange rate of US$1.0978.

US inflation breaks its losing streak and rises two tenths in July to 3.2%

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