Wall Street opens in positive territory and the Dow Jones rises 0.23%

NEW YORK, New York.— This Monday, the day on Wall Street opened in green, when the Dow Jones Industrialsits main indicator, rose 0.23%as investors await new inflation data due out later this week.

At the opening

Ten minutes after the market opened, the Dow Jones stood at 39,221 points, and the selective S&P 500 It rose 0.10%, to 5,093 integers.

The Composite Market Index Nasdaq rose 0.11%, to 16,014 units.

What affects the markets today?

Las Actions they begin the last week of february con Profits after the major indices achieved all-time highs last week thanks to the good results of the manufacturer of Nvidia processorswhich were driven by the Artificial intelligence (IA).

The accelerated growth of the processor manufacturer Nvidia and its strong impact on stock markets around the world have fueled fear among analysts and investors that a bubble around AI.

With this in mind, investors await the publication this Thursday of the price index of personal consumption expenses (PCE, in English), a key piece of information for the Federal Reserve (Fed).

Operators are also weighing the latest comments from the central bank, which in the minutes of its last meeting indicated that it will not reduce interest rates until it is sure that inflation is heading towards the 2% objective.

Amazon joins the Dow Jones

On the other hand, this Monday e-commerce giant Amazon is added to the index Dow Jones Industrialsreplacing the Walgreens Boots Alliance pharmacy chainas reported by the owner entity S&P Global last week.

The addition of Amazon to the index comes to reflect “the changing nature of the US economy” and increase the index’s exposure to the retail sector and other business areas, according to the entity.

By sectors

Earnings were led by non-essential goods sector (0.47%) and the financial sector (0.44%), while the greatest losses were for the public services sector (-1.14%) and communication (-0.87%).

Among the 30 Dow Jones stocks, the biggest advances were for Salesforce (2.06%) and Walmart (1.12%), and the most affected were Walgreens (-1.56%) and Verizon (-1.04%).

You might also be interested: “Warren Buffett warns shareholders not to listen to Wall Street experts”

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2024-04-10 00:30:13

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