Saturday, September 30, 2023

Wall Street opens in green and the Dow Jones rises 0.23%

Wall Street It opened this Wednesday in green and the Dow Jones Industrials, its main indicator, rose 0.23%.

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones It stood at 34,934 units and the selective S&P 500 added 0.17%, up to 4,505 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, rose 0.09%, to 13,957 integers.

Investors will be attentive this week to the figures of the unemployment in the United States for the month of August, which will be known on Friday, and which could give a more complete idea of ​​the level of cooling of the economy due to the policy of high rates of the Federal Reserve (Fed) to contain inflation.

This Wednesday, in addition, it was learned that the gross domestic product (GDP) American grew 0.5% in the second quarter of this year compared to the previous quarter, one tenth less than estimated last month.

Meanwhile, the creation of private employment fell to 177,000 jobs in August, below analyst expectations, according to data from the ADP firm.

All these figures will be key to determine the course of the next Fed meeting, where the central bank will decide whether to keep rates at their current level (between 5.25 and 5.5%) or raise them to further constrain the economy with the hope of bringing persistent inflation to its 2% target.

By sectors, the main gains they were for industrial and health, with increases of 0.42% in both cases, while the non-essential goods sector was the one that fell the most (-0.21%).

Among the 30 Dow Jones stocks the higher losses they were for Intel (-0.74%) and Salesforce (-0.47%), while the biggest gains were for Boeing (1.27%) and Apple (0.73%).


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