Categories: Economy

Wall Street closes in the green, and the Dow Jones rises 0.1%

Wall Street It closed this Monday in the green, with its main indicator, the Dow Jones Industrial Average, up 0.1%, after a very quiet session following last week’s gains.

At the close of business on the New York Stock Exchange, the Dow Jones rose to 34,096 points, while the selective S&P 500 advanced 0.18% to 4,366 points.

Index Nasdaqwhich includes large technology companies, increased by 0.3% to 13,519 units.

All indices ended October with their best week of the year, after it was known that the unemployment rate in NOW Last month it rose by one-tenth to 3.9%, above expectations.

The news indicated that regulators’ attempts to cool the economy and stifle inflation may be working and gave investors hope that the rate-hiking cycle in the U.S. Federal Reserve (Fed) the end has come.

All in all, markets will be keeping an eye on US Federal Reserve Chairman Jerome Powell, who is scheduled to speak in the coming days and may provide clues about the direction the central bank will take in the fight against inflation.

Profitability Government bond The 10-year, one of the main indicators watched by analysts, rose to 4.649%.

By sector, the biggest gains were for technology (0.78%) and healthcare (0.66%). The real estate sector fell 1.41% amid rumors about the possible bankruptcy of the “coworking” company WeWork, which did not list today.

Among the 30 values ​​of Dow Jonesthe progress of Apple (1.46%) and Amgen (1.1%) stood out, and the biggest decline was recorded at Walgreens (-1.54%).

In other markets, Texas oil It rose to 81.15 dollars per barrel, and at the close of the exchange, gold fell to 1,986 dollars per ounce, and the dollar strengthened against the euro, with an exchange rate of 1.0718.

Source: Panama America

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