Tuesday, December 5, 2023

Wall Street opens on mixed ground and the Dow Jones falls 0.17%

Wall Street it opened this Monday in mixed terrain and the Dow Jones Industrials, its main indicator, lost 0.17% at the opening, when investors are waiting for Democrats and Republicans to reach an agreement on the debt ceiling.

Ten minutes after the start of operations at the NYSEthe Dow Jones fell to 33,243 units and the selective S&P 500 subtracted 0.03% to 4,122 points.

For his part, he index Composite of the Nasdaq market, in which the main technology companies are listed, it advanced 0.09% to 12,296 integers.

Last week, Wall Street closed the week with losses accumulated in two of its main indicators, the Dow Jones Industrials and the selective S&P 500.

He Dow Jones it yielded 1.1% in the last five days and the S&P 500 a slight 0.3%, chaining both indices the second week to the downside.

The S&P 500’s two-week losing streak is its first since February amid concerns over one recession and the lack of progress in the debt ceiling talks.

“I have hopes. I think Tham talks they are very active. They have told me that they have found some areas of agreement,” Yellen said in an interview with the Wall Street Journal, about the debt limit.

The president is expected Joe Biden host top leaders in Congress on Tuesday to discuss this issue of the debt ceiling.

By sectors, the biggest gains were for real estate and communications, which rose 0.33% and 0.32%, respectively. While the greatest losses were for public services and essential goods, with a drop of 0.3% and 0.2%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Nike (-1.46%) and Boeing (-0.84%), while the biggest gains were for Salesforce (1.26%) and American Express ( 0.49%).


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