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Wall Street closes in red and the Dow Jones falls 0.11%

Wall Street closed this Wednesday in red, and the Dow Jones Industrials, its main indicator, fell 0.11%, after the publication of the minutes of the last meeting of the US Federal Reserve (Fed).

At the close of operations, the Dow Jones fell to 33,646.50 units and the selective S&P 500 subtracted 0.41% to 4,091.95 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, fell 0.85% to 11,929.34 integers.

Those moves lower came after the Fed’s March meeting minutes showed officials feared the economy could slip into a mild recession later this year in the wake of the banking crisis seen in the United States. United last month.

Still, stocks had started the day higher after data showed inflation eased to its lowest level in almost two years in March.

The US Bureau of Labor Statistics announced a reduction in the year-on-year inflation rate, which stood at 5% in March.

For many investors, this could translate into the Fed ending its interest rate hike campaign this year. The next Fed meeting will be in early May.

Tomorrow the producer price index will be published, while this Friday three of the largest banks in the country, JPMorgan Chase, Well Fargo and Citigroup, will announce their results. So will the largest health insurer, UnitedHealth Group.

Among the sectors that closed in the green, the greatest gains were for industrial and energy, with an increase of 0.33% and 0.11%, respectively, while the greatest losses were for non-essential goods and communications, with a drop of 1.54% and 0.89%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Walt Disney (-2.47%) and Walgreens Boots Alliance (-1.71%). The biggest gains were for Dow (1.25%) and Merck (1.12%).

In other markets, Texas oil closed at 83.26 dollars (75.77 euros at today’s exchange rate) a barrel, and at the end of the trading session the yield on the 10-year US bond fell to 3.404%, gold rose at $2,028 an ounce, and the dollar lost ground against the euro, with a change of 1.0988.

Source: Elcomercio

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