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Wall Street closes in green and the Dow Jones rises 0.15%

Wall Street closed this Monday in the green, and the Dow Jones Industrials, its main indicator, rose 0.15%, when investors are waiting for Democrats and Republicans to reach an agreement on the US debt ceiling.

At the close of business, the Dow Jones it rose to 33,348 units and the selective S&P 500 added 0.30% to 4,136 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.66%, to 12,365 integers.

Wall Street closed last week with accumulated losses in two of its main indicators, the Dow Jones Industrials and the selective S&P 500.

The Dow Jones lost 1.1% in the last five days and the S&P 500 a slight 0.3%, chaining both indices the second week down.

The S&P 500’s two-week losing streak is its first since February amid concerns about a recession and a lack of progress on debt ceiling talks.

“I have hopes. I think the negotiations are very active. They have told me that they have found some areas of agreement.” Yellen said in an interview with the Wall Street Journal about the debt limit.

The president is expected Joe Biden host top congressional leaders on Tuesday to discuss the debt ceiling.

The House and Senate are scheduled to be in session simultaneously for just one more week this month.

This week continues the week of results and it will be up to Walmart, Home Depot and Target to take stock.

The sectors with the greatest losses were those of public services and non-essential goods, which fell by 1.24% and 0.27%, respectively, and those with the greatest gains were for raw materials and financials, with a rise of 0.85 and 0.82, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Verizone (-2.18%) and UnitedHeath (-0.89%), while the biggest gains were for Intel (2.94%) and American Express ( 1.4%).

In other markets, Texas oil closed at US$71.11 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3.498%, gold rose to US$2,020 an ounce, and the dollar lost ground against the euro, with a change of 1.0874.

Source: Elcomercio

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