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Wall Street closes with slight advances and the Dow Jones gains 0.13%

Wall Street closed this Friday with slight advances and the Dow Jones Industrials, its main indicator, added 0.13% in a placid trading day, waiting for news on inflation and interest rates to arrive next week.

At the end of operations in New York, the Dow Jones stood at 33,876.78 points, while the selective S&P 500 rose 0.11% to 4,298.86, its highest level since August last year.

The composite index of the Nasdaq market, where the main technology companies are listed, ended with a rise of 0.16%, to 13,259.14 units.

The three indicators accumulated a new week with gains amid growing optimism among investors, which has allowed a large part of the market to recover ground following in the wake of some great stocks, especially technological ones, which had already been registering clear rises in recent years. months.

Today, Wall Street sailed positive all day and ended with gains, albeit far from intraday highs, with traders already looking to next week, when new inflation data will be released in the United States and there will be a meeting of the Federal Reserve (Fed).

In general, analysts expect the Fed to opt this month to leave interest rates unchanged, with a more controlled price outlook and a cooling in the labor market.

By sectors, technology companies (0.46%) led the gains this Friday, followed by non-essential goods companies (0.44%), while the biggest losses were for raw materials (-0.82%) and energy (-0.58%).

Among the thirty Dow Jones stocks, the rises of Salesforce (2.75%), UnitedHealth (0.72%) and IBM (0.66%) and the falls of the Dow (-1.99%), Intel (- 1.51%) and Walgreens (-1.35%).

Outside of that index, Tesla drew attention, which gained 4.06% after announcing yesterday an agreement with General Motors (GM) by which the latter manufacturer’s vehicles will have access to Tesla’s network of electric chargers from 2024.

In other markets, Texas oil closed at US$70.17 a barrel, and at the end of the trading session the yield on the 10-year US bond rose to 3.743%, gold fell to US$1,974.4 an ounce, and the dollar was gaining ground against the euro, with a change of 1.074.

Source: Elcomercio

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