Friday, September 22, 2023

Wall Street opens green on August 4

Wall Street It opened in the green and the Dow Jones Industrials, its main indicator, rose 0.42%, when investors analyze the latest employment report and business results.

Ten minutes after the start of operations at the NYSEthe Dow Jones stood at 35,363 units and the selective S&P 500 gained 0.57%, up to 4,527 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, rose 0.90%, to 14,085 integers.

The creation of new jobs in the US It continued its slowdown in July, although the unemployment rate barely changed, as it fell by just one tenth, to 3.5% compared to the previous month, according to data published this Friday by the Bureau of Labor Statistics (BLS, in English).

The creation of new jobs slowed down considerably in the seventh month of the year, with 187,000 net new jobswell below the average of 312,000 for the previous twelve months.

With respect to unemployment, was virtually unchanged in July, with a total of 5.8 million people out of work. The number of long-term unemployed continued with little change, 1.2 million people in July, which represents 19.9% ​​of the unemployed.

The slowdown in job creation is an indication that the labor market is gradually cooling down, which is in line with the objectives of the Federal Reserve (Fed)which seeks to reduce inflation.

After announcing its results yesterday after the close of the stock market, the shares of Amazon They were up more than 9% this morning, after beating Wall Street expectations.

While the actions of Manzanawhich yesterday published in its business results lower income from the quarter of the previous year, fell by 2.48%.

So far this earnings season, about 79% of the companies in theI S&P 500 have released their results, and about 80% beat Wall Street expectations, according to FactSet.

However, as of Thursday’s close, the three main indices they are on track to end the week lower.

By sectors, reigned the Profits, the biggest increases were for non-essential goods and communications, which added 3.17% and 1.22%, respectively. While the only losses were for real estate and technology, which remained 0.34% and 0.01%, respectively.

Among the 30 values ​​of the Dow Jones the companies with the biggest losses were Apple and Home Depot (-0.71%), while the biggest gains were for Amgen (4.11%) and Microsoft (2.13%).


Please enter your comment!
Please enter your name here

Latest article