Wall Street opens on mixed ground and the Dow Jones falls 0.03%

Wall Street opens on mixed ground and the Dow Jones falls 0.03%

New York, Aug 24 – Wall Street opened this Wednesday in mixed terrain and its main indicator, the Dow Jones Industrials, fell a slight 0.03% with the market awaiting news from the Federal Reserve.

Ten minutes after the session began on the New York Stock Exchange, the Dow Jones lost 9.23 points to 32,900.36, while the selective S&P 500 lost 0.01% or 0.41 units to 4,128.32 .

In contrast, the Nasdaq market composite index, which brings together the main technology companies, rose 0.09% or 11.13 integers, to 12,392.43.

The New York parquet was looking for direction this morning after three days in the red, attributed to the uncertainty due to the continuation of the aggressive measures of the Federal Reserve (Fed) to tackle inflation.

Fed Chairman Jerome Powell is due to speak on the matter at the economic symposium in Jackson Hole, Wyoming, on Friday, and experts expect investors to be somewhat nervous until then.

Meanwhile, the market is analyzing data on the economy, such as the quarterly results of several US retailers, which have lowered their business forecasts and paint a gloomy outlook.

By sectors, losses predominated and were led by non-essential goods companies (-0.37%), financials (-0.32%) and communications (-0.32%)

On the positive side, the energy sector rose 0.52%, coinciding with the general rise in oil futures contracts in the US and Europe due to the possibility that OPEC + cut its production.

Most of the 30 Dow Jones listed companies were in the red, highlighting the declines of 3M (-0.93%), Walgreens (-0.77%), Cisco (-0.77%) and JPMorgan (-0. 70%).

Half a dozen companies were operating in the green, led by Boeing (1.77%) and Salesforce (0.43%).

In other markets, Texas oil rose to $93.87 a barrel, the 10-year US Treasury bond yield rose to 3.085%, gold fell to $1,756.30 an ounce and the dollar gained ground against the euro. , with a change of 0.9922.

Samuel Edwards
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