Wall Street opens in mixed territory and the Dow Jones falls 0.02%

Wall Street began the day this Thursday in mixed territory and the Dow Jones Industrials, its main indicator, subtracted 0.02%, after new data showed that US producer prices fell unexpectedly in March, which increased optimism that inflation is declining.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones fell to 33,640.22 units and the selective S&P 500 added 0.28% to 4,103.41 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, added 0.86% to 12,032.25 integers.

Data released Thursday showed the index, which reflects supply conditions across the economy, fell 0.5% in March from February.

However, economists surveyed by The Wall Street Journal (WSJ) they expected the indicator to remain flat.

Yesterday, new figures on inflation were announced, which beat expectations and fell for the ninth consecutive month.

This is the strongest drop since the indicator began to drop in July 2022 and, according to the agency, the inflation rate of 5% is the lowest since May 2021.

“We now have clear signs that inflation is slowing as expected, so that’s positive,” Nadège Dufosse, Candriam’s global head of multi-asset, said in a statement to the WSJ.

However, Dufosse notes that “economic data will likely continue to weaken” and there could be “a tougher-than-expected recession in the US.

On the other hand, the airline Delta, which today announced losses of 363 million dollars in the first quarter of the year, 61% less than in the same period last year, saw its shares lose 2.96% in the first bars of the day.

The sectors that opened with the greatest gains were communications and essential goods, with a rise of 1.44% and 0.74%, respectively, while the greatest losses were for industrial and public services, which they were down 0.65% and 0.49%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Travelers (-1.94%) and IBM (-1.62%). While the highest gains were for Apple (1.65%) and Walt Disney (1.33%).