Saturday, September 30, 2023

Wall Street opens in green this Friday, August 25

Wall Street It opened this Friday in green and the Dow Jones Industrials, its main indicator, rose 0.55%, when investors are waiting for the words of the president of the US Federal Reserve (Fed)Jerome Powell at the Jackson Hole symposium today.

Ten minutes after the start of operations at the NYSEthe Dow Jones stood at 34,286 units and the selective S&P 500 added 0.51%, up to 4,398 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, rose 0.55%, to 13,558 integers.

He Jackson Hole Economic Symposium in Wyoming brings together central bankers and financial figures from around the world.

“While markets await Powell’s words, stocks were sensitive to the Fed’s remarks yesterday. Philadelphia Fed President Patrick Harkerwas the first to mention that he would maintain a ‘restrictive stance’ for a while, reinforcing the prospect of ‘higher for longer’ rates and thus triggering a sell-off,” Tom Essaye points out in his The Sevens Report.

By sectors, green reigned and the main gains were for non-essential goods and industrial goods, with increases of 0.8% and 0.71%, respectively.

Among the 30 values ​​of the Dow Jones the only losses were for Walgreens (-0.12%), UnitedHealth (-0.07%) and Amgen (-0.05%), while the biggest gains were for Salesforce (1.13%) and IBM (1.01%).


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