Friday, December 8, 2023

Wall Street closes in green and the Dow Jones rises 0.15%

Wall Street closed this Monday in the green, and the Dow Jones Industrials, its main indicator, rose a 0.15%, when investors wait for Democrats and Republicans to reach an agreement on the US debt ceiling.

At the close of business, the Dow Jones rose to 33,348 units and the selective S&P 500 added 0.30% to 4,136 points.

For his part, he composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.66%, to 12,365 integers.

Wall Street closed last week with losses accumulated in two of its main indicators, the Dow Jones Industrials and the selective S&P 500.

The Dow Jones lost 1.1% in the last five journeys and the S&P 500 a slight 0.3%, chaining both indices the second week to the downside.

The losing streak The two-week S&P 500 is the first since February amid concerns about a recession and a lack of progress on debt ceiling talks.

“I have hopes. I think Tham talks they are very active. They have told me that they have found some areas of agreement,” Yellen said in an interview with the Wall Street Journal, about the debt limit.

The president is expected Joe Biden host top congressional leaders on Tuesday to discuss the debt ceiling.

The house and senate they are scheduled to be in session simultaneously for just one more week this month.

This week continues the week of results and it will be up to Walmart, Home Depot and Target to balance.

The sectors with the greatest losses were public services and non-essential goods, which fell by 1.24% and 0.27%, respectively, and those with the greatest gains were raw materials and financials, with a rise of 0.85 and 0.82, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Verizone (-2.18%) and UnitedHeath (-0.89%), while the biggest gains were for Intel (2.94%) and American Express (1.4%).

In other markets, Texas oil closed at US$71.11 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3.498%, gold rose to US$2,020 an ounce, and the dollar lost ground against to the euro, with an exchange rate of US$1.0874.


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