Thursday, September 21, 2023

Wall Street opens in the red and the Dow Jones falls 0.25%

Wall Street it opened this Friday in red and the Dow Jones Industrials, its main indicator, lost 0.25%, thus approaching closing the week in red.

Ten minutes after the start of operations at the NYSEthe Dow Jones stood at 34,389 units and the selective S&P 500 0.45% remained, up to 4,350 points.

For its part, the composite market index nasdaqin which the main technology companies are listed, remained 0.84%, up to 13,204 integers.

Investors analyze what could be the next steps of the Federal Reserve (Fed) from United States.

The investors are concerned after central bank officials said in the Fed’s July meeting minutes released Thursday that additional tightening may be needed to reduce inflation.

“Most participants continued to see significant risks when hike for inflationwhich could require further tightening of monetary policy,” the minutes published on Wednesday state.

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

He Dow Jones is on track for its worst week since March, down 2.29% through Thursday.

While the S&P 500 is heading for a third straight week of losses, a streak not seen since February.

For its part, the Nasdaq Composite is also headed for a third consecutive week with losses for the first time since December.

By sectors, red reigned, the only Profits they were for public services, essential goods and energy, with increases of 0.09%, 0.08% and 0.02%, respectively, while the greatest losses were for communications and technology, which fell 1.27% and 0.86%, respectively.

Among the 30 Dow Jones values, the biggest losses were for Amgen (-0.96%) and Microsoft (-0.88%), while the biggest gains were for Walmart -company that published business results on Thursday- (1.71) and UnitedHeath (0.47 %).


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