Saturday, September 30, 2023

Wall Street opens in green and the Dow Jones rises 0.16%

Wall Street it opened this Wednesday in green and the Dow Jones Industrials, its main indicator, rose 0.16%, when investors have their eyes on the Federal Reserve and its next steps to fight inflation.

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones stood at 34,344 units and the selective S&P 500 added 0.30%, up to 4,400 points.

For its part, the composite market index Nasdaq, In which the main technology companies are listed, it rose 0.33%, to 13,550 integers.

Business results continue, and before the trading floor, Peloton, a US sports equipment company that rose in popularity during the pandemic, reported a bigger-than-expected loss, sending its shares down 21.39.

Investors have their eyes on the results of the technology nvidiawhich will be published after the stock market closes.

On Friday morning the chairman of the Federal Reserve, Jerome Powellwill speak at the central bank’s annual symposium in Jackson Hole, Wyoming.

By sectors, green reignedthe main gains were for communications and sanitation, with increases of 1.45% and 0.67%, respectively, while the biggest losses were for energy and non-essential goods, which fell by 1.52% and 0.39%, respectively.

Among the 30 Dow Jones stocks the higher losses they were for Nike (-3.43%) and Chevron (-1.06%), while the biggest gains were for Merck (3.48%) and Intel (1.16%).


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