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Wall Street closes in green and the Dow Jones rises 0.30%

Wall Street closed this Monday in the green, and the Dow Jones Industrials, its main indicator, rose 0.30%, when a week of results begins in which some of the largest US corporations will participate.

At the close of operations, the Dow Jones rose to 33,987.18 units and the selective S&P 500 added 0.33% to 4,151.32 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.28% to 12,157.72 integers.

Last week, three of the main US banks – JPMorgan, Citigroup and Wells Fargo – announced gains in their quarterly results on Friday despite the crisis of confidence that the country is going through after the banking turmoil last month.

This Tuesday, for its part, it will be the turn of Bank of America and Johnson & Johnson.

Investors are also looking at what will happen to interest rates, and according to The Wall Street Journal, many investors anticipate another hike at the May Federal Reserve meeting.

Among the sectors that closed in the green, the biggest gains were for real estate and finance, with an increase of 2.23% and 1.13%, respectively, while the biggest losses were for energy and communications , with a drop of 1.27%, both.

Among the 30 Dow Jones stocks, the companies with the biggest losses were UnitedHealth (-1.26%) and Chevron (-0.88%). The biggest gains were for Walgreens (1.76%) and Travelers (1.73%).

In addition, shares of Alphabet (Google’s parent) fell 2.78% after The New York Times reported that Google was planning sweeping changes to search to push back its AI rivals.

In other markets, Texas oil closed at $80.83 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3.606%, gold fell to $2,008 an ounce, and the dollar gained ground against the euro, with a change of 1.0926.

Source: Elcomercio

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