Friday, September 22, 2023

Wall Street closes mixed and the Dow Jones rises 0.30%

Wall Street closed this Friday in mixed terrain, after a day of little movement, and the Dow Jones Industrials, its main indicator, rose 0.30%, while investors study in more detail the inflation data known since Thursday.

At the end of the operations in the NYSEthe Dow Jones rose to 35,281 points, while the selective S&P 500 it lost a slight 0.1%, up to 4,464 integers.

Also the market composite index nasdaqwhich groups technology companies, dropped 0.56% to 13,644 units.

On Thursday, the stock market showed more joy when the data from the inflation in julybetter than expected, but when these data were released this Friday, the impression became nuanced: according to analysts, it did not feel so good to know that the so-called “producer index” (which measures prices of unprocessed products) rose 0.3 in July %, one tenth more than expected.

In general, the quarterly season of corporate results, which is drawing to a close, has been positive, but the buying spirit is in contrast with the fear that the Federal Reserve keep raising interest rates.

By sectors, none exceeded the percentage point in the movements of the day, up or down, except for energy, which rose 1.56%; among those that closed in red, the technological (-0.88%) and communications (-0.48%) stood out.

Nor were the variations high in the Dow 30, and only Chevron (2.06%) and Merck (1.77%) stood out among the winners; of the losers, the case of Disney (-2.99%) and Boeing (-1.07%) stood out

In other markets, the Texas oil it rose to US$83.19 a barrel and, at the close of the stock market, gold was down to US$1,945.9 an ounce, the yield on the ten-year US bond rose to 4.166% and the dollar was gaining ground against the euro, with a change of US$1.0945.

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