New York Stock Exchange opens on mixed terrain

Wall Street opened this Monday on mixed ground, with almost insignificant variations, and its main indicator, the Dow Jones Industrials, rose 0.1%.

Ten minutes after the start of operations, the Dow Jones stood at 34,070.00 points, while the selective S&P 500 fell 0.08% to 4,160.50 units.

The composite index of the Nasdaq market, in which the main technology companies are listed, lost 0.19% and stood at 13,156.50 integers.

Investors were cautious today, awaiting the release of new quarterly results from some companies to confirm whether the expected cooling of the economy and a brake on the runaway inflation of last year and which is now showing signs of subsiding are confirmed.

Last week, Wall Street posted weekly gains – but small ones – in its main indicators after being encouraged by some inflation data in the United States that seem to point to this economic slowdown and by the positive quarterly results of several large banks.

The Market Watch portal points out today that the banks’ profits can be attributed to the constant rises in interest rates, but that the performance of most companies in recent weeks has been poor “in a defensive market”, in the words of Morgan Stanley Bank’s chief US strategist, Mike Wilson.

At this time, the sectors indicated slight variations below one percentage point, with the exception of real estate, which rose 1.1%, and communications, which fell 1.48%.

Among the 30 Dow Jones values, the green color dominated, but also with few variations, only the rises of Boeing and Caterpillar (1.3% in both cases) standing out; in negative territory were United Health (-1.26%) and American Express (-0.66%).