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Wall Street opens in green and the Dow Jones rises 0.02%

Wall Street opened this Thursday in green and the Dow Jones Industrials, its main indicator, gained a slight 0.02%, when investors already have their eyes on next week’s meeting of the US Federal Reserve (Fed). .UU.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones rose to 33,671 units and the selective S&P 500 added 0.02% to 4,268 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, gained 0.15% at this time to 13,124 integers.

Investors await the Fed’s next monetary policy meeting next Tuesday and Wednesday.

New weekly jobless claims data released today showed they have reached their highest level since October 2021, signaling a potentially weak labor market.

This rally also raised expectations among experts that the Fed could pause its rate hike campaign at its next meeting.

Shares of GameStop, known for being part of the “meme stock” that took hold during the pandemic, fell 17.18% at this time after the video game retailer announced the firing of CEO Matthew Furlong and appointed Ryan Cohen as its CEO.

By sectors, the greatest gains were for non-essential goods and technology, which rose 0.72% and 0.26%, respectively, while the greatest losses were for real estate and financials, with a drop in 0.74% and 0.54% respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were American Express (-0.98%) and Visa (-0.89%), while the biggest gains were for Home Depot (1.34%) and Merk ( 1.22%).

Source: Elcomercio

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