Friday, June 2, 2023

Wall Street opens in green and the Dow Jones rises 0.09%

Wall Street It opened this Wednesday in the green and the Dow Jones Industrials, its main indicator, rose 0.09%, as investors await the next announcements today from the Federal Reserve (Fed) from United States.

Ten minutes after the start of operations at the NYSEthe Dow Jones rose to 33,801 units and the selective S&P 500 added 0.15% to 4,141 points.

For his part, he composite index of the Nasdaq market, in which the main technology companies are listed, gained 0.12% to 13,200 integers.

The Fed plans to publish an announcement about its monetary policies this afternoon and then the president of the central bank, Jerome Powell, will give a press conference.

The Fed’s two-day policy meeting is expected to conclude with the central bank’s announcement of another interest rate hike. 25 points basic.

This announcement will come after a difficult session for the market. He Dowthe S&P 500 and the Nasdaq fell more than 1% on Tuesday as continued concerns of contagion in the regional banking sector weighed on the markets after the collapse of First Republic Bank and the subsequent acquisition by JPMorgan.

The only sectors that dawned on were red they were energy and essential goods, which fell by 0.66% and 0.27%, respectively. While the biggest gains were for industrial and communications, which fell by 0.54% and 0.47%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Nike (-2.51%) and Walgreens (-2.42%). While the biggest gains were for Intel (2.43%) and Apple (1.02%).


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