Friday, September 22, 2023

Wall Street opens in green and the Dow Jones rises 0.18%

Wall Street It opened this Thursday in green and the Dow Jones Industrials, its main indicator, added 0.18%, when investors analyze what could be the next steps of the Federal Reserve (Fed) of the United States.

Fifteen minutes after the start of operations at the NYSEthe Dow Jones stood at 34,828 units and the selective S&P 500 added 0.17%, up to 4,411 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, added a slight 0.02%, up to 13,477 integers.

Investors are worried after central bank officials said in the Fed’s July meeting minutes released yesterday that additional tightening may be needed to reduce the inflation.

“Most participants continued to see significant upside risks to inflation, which could require further tightening of the policy. monetary politics“, affirm the minutes published yesterday.

The federal funds rate is currently in a range between 5.25% and 5.5%.

On the other hand, this Thursday the US announced that the weekly number of applications for unemployment benefit in the United States dropped last week to 229,000that is, 11,000 less than in the previous one.

In the week ending August 5, there were 1,716,000 people who received this benefit, 32,000 more than in the previous week.

By sectors, the greatest gains were for the energy and raw materialswith 1.97% and 0.88%, respectively, while the biggest losses were for sanitation and non-essential goods, which fell 0.24% and 0.01%, respectively.

Among the 30 values ​​of the Dow Jones the biggest losses were for Walgreens (-1.88%) and Intel (-1.77%), which yesterday announced that it is withdrawing from the Tower Semiconductor purchase agreement, while the biggest gains were for Cisco (1.28%) and Chevron (2.38% ).


Please enter your comment!
Please enter your name here

Latest article