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Wall Street opens on mixed ground and the Dow Jones falls 0.21%

Wall Street opened this Friday on mixed ground and the Dow Jones Industrials, its main indicator, fell 0.21%, when investors analyze the latest employment data.

Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones It stood at 33,850 units and the selective S&P 500 subtracted 0.13%, up to 4,405 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, gained 0.05%, to 13,685 integers.

Job creation in the United States slowed down considerably in June, although the rate fell one tenth to 3.6%, according to data published this Friday by the Bureau of Labor Statistics (BLS).

Thus, in the sixth month of the year, 209,000 net jobs were created, 130,000 fewer than in May, at a time when the effects of the interest rate hikes carried out on the labor market are being closely analysed. the Federal Reserve (Fed) to curb inflation.

The net number of job creation is below the average of the last six months, which is 278,000 jobs created.

Parts of the report released today could give the Fed a good reason to resume raising interest rates later this month, experts say.

“Weaker-than-expected jobs data on the main front were not supported by other data in the report,” Peter Tchir wrote in his analysis for Academy Securities.

Was “a report ambivalent enough for the Fed to decide on a 25% hike [puntos básicos] at the next meeting.” added.

The three main indices of the New York Stock Exchange are on track for a week with losses.

By sectors, the gains were for energy and raw materials, which rose 0.54% and 0.36%, respectively, while the greatest losses were for public services and real estate, which remained 0 .94% and 0.79%, respectively.

Among the 30 values ​​of the Dow Jones the companies with the biggest losses were Verizon (-1.14%) and Walmart (-1.13%), while the biggest gains were for JPMorgan Chase (1.15%) and Boeing (1.03%).

Source: Elcomercio

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