Monday, December 4, 2023

Wall Street closes in green and the Dow Jones rises 0.85%

Wall Street closed this Tuesday in the green and the Dow Jones Industrials, its main indicator, rose 0.85%, on a day when several technology companies overcame their relatively poor results in August.

At the end of the operations in the NYSE, the Dow Jones rose to 34,853 points, while the selective S&P 500 it rose 1.45% to 4,498 integers.

The Market Composite Index nasdaqwhich groups technology companies, grew by 1.74%, up to 13,944 units, after having started the day with slight losses.

The New York parquet began the day on mixed terrain and was encouraged as companies such as Nvidia, Tesla or Apple They were recording increases.

In addition, the decision of a Washington DC appeals court ordering the Securities Market Commission to review the case of Grayscale, an investment company that was prevented from creating a real bitcoin ETF fund (“spot ETF”), boosted the value of Bitcoin, which was growing more than 7% at the close of the stock market.

Meanwhile, the new job data available in July in the United States they showed a reduction of 22.4% compared to the same month last year, which, according to CNBC, could have contributed to the good data from technology companies and riskier assets due to the apparent cooling of the US economy.

All sectors closed in greenled by communications (2.46%), non-essential goods (2.35%) and technology (2.11%).

Among the 30 listed dowjones, the biggest gains were for Verizon (3.4%), Apple (2.18%), Nike (2.15%) and Intel (2.05%).

In other markets, Texas oil rose to US$81.25 a barrel and at the close of the stock market, the 10-year bond fell to 4,116%, gold rose to US$1,965.4 an ounce and the dollar lost against the euro, with a change of US$1.0882.


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