Wall Street opens on mixed ground and the Dow Jones rises 0.06%

Wall Street opens on mixed ground and the Dow Jones rises 0.06%

Wall Street opened this Tuesday in mixed terrain and its main indicator, the Dow Jones Industrials, gained a slight 0.06%, when investors analyze the market before the US inflation data for July is released tomorrow. .

Ten minutes after the trading floor opened, the Dow Jones added 20.84 points to 32,853.38, while the selective S&P 500 lost 0.20% or 8.10 units to 4,131.96.

The composite index of the Nasdaq market, which brings together the main technology companies, fell, for the third consecutive day, by 0.90% or 114.05 integers, to 12,530.41.

With inflation at a multi-decade high, investors say Wednesday’s update to the consumer price index will be key to market direction.

“Corporate earnings are holding up well and consumers are still spending, that’s the bottom line,” Brian O’Reilly, head of market strategy at Mediolanum International Funds, told The Wall Street Journal.

Recent economic data “erases any talk of an immediate recession for now,” O’Reilly added.

By sectors, the energy (2.58%) and financial (0.55%) gains stood out, while the greatest losses were for essential goods (-1.3%) and technology (-0.94%). ).

Among the 30 Dow Jones listed companies, the best stops were Chevron (2.42%) and Travelers (1.42%), while the biggest losses were registered by Salesforce (-3.06%) and Nike (-2, 91%).

Elsewhere, Texas oil rose to $91.28 a barrel, the 10-year Treasury yield rose to 2.801%, gold rose to $1,813.70 an ounce and the dollar lost ground against the euro, with an exchange rate of 1.0237.

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