Monday, December 11, 2023

Wall Street opens in the red and the Dow Jones falls 0.03%

Wall Street opened this Friday in the red and the Dow Jones Industrials, its main indicator, fell a 0.03%when investors digest the last round of corporate results.

Fifteen minutes after the start of the operations On the New York Stock Exchange, the Dow Jones fell to 33,816 units and the selective S&P 500 subtracted 0.07% to 4,132 points.

For its part, the composite index of the Nasdaq market, in which the main technologicallost 0.44% to 12,088 integers.

This morning the oil companies Exxon Mobil and Chevron together posted $18 billion in first-quarter profit, showing resilient performance even as prices of oil and natural gas fell.

yesterday, after the closing stock market, Amazon announced its results and the company beat Wall Street revenue expectations for the quarter, but this morning shares of Amazon They were down more than 3%.

However, the season Results have been better than expected, as of the roughly 260 S&P 500 companies that announced results, about 80% reported positive results, according to FactSet data.

This Friday, in addition, it was announced that the index of prices of personal consumption expenses increased by 0.3% in March, this index is an indicator clue of inflation for the Federal Reserve.

For its part, on Thursday it was announced that the economy of USA it grew 1.1% in the first quarter of 2023, less than expected, according to the calculation of the gross domestic product.

In this way, the first economy The world slowed down its growth after experiencing a GDP increase of 2.6% in the last quarter of 2022.

The sectors with the highest profits were real estate and essential goods, with an increase of 0.58% and 0.57%, respectively. While the greatest losses were for non-essential goods and communications, which fell by 1.44% and 0.51%, respectively.

Among the 30 values ​​of the Dow Jones, the companies with the highest losses were Amgen (-1.93%) and Boeing (-1.17%). While the biggest gains were for Intel (6.13%) and Honeywell (0.92%).


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