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Wall Street closes in green and the Dow rises 0.52%, chaining eleven days up

Wall Street closed this Monday in the green and the Dow Jones Industrials gained 0.52%, chaining eleven straight days up, to open a week with a positive tone in which the quarterly results of several key companies and a new decision from the Federal Reserve (Fed)which is likely to raise interest rates again.

At the end of operations on the New York Stock Exchange, the Dow Jones – its main indicator – stood at 35,411.24 points, while the selective S&P 500 rose 0.40%, to 4,554.64.

The composite index of the Nasdaq market, where the main technology companies are listed, rose 0.19% and closed at 14,058.87 units.

The New York stock market had a relatively quiet day waiting for the big technology giants to start announcing results tomorrow, which so far this year have staged an important comeback and have helped Wall Street to recover ground.

This Tuesday, at the close of the stock market, the Alphabet and Microsoft accounts will be announced, while the next day it will be Meta’s turn and next week the Apple and Amazon accounts will arrive.

Investors this week are also awaiting other results from large companies and the Fed meeting, in which analysts take it for granted that a quarter of a percentage point increase in interest rates will be decided.

Meanwhile, the Dow Jones took advantage today to accumulate eleven consecutive days of gains, its longest positive streak since February 2017.

This Monday, energy (1.66%) and financial (1.01%) companies pulled the market, with Goldman Sachs (1.98%), Chevron (1.97%) and JPMorgan Chase (1.97%) leading among the thirty Dow values.

On the other hand, the biggest losses were for MSD (-1.45%), American Express (-1.43%) and Intel (-1.15%).

By sector, only healthcare (-0.23%) and public services (-0.28%) closed in the red.

In other markets, Texas oil rose today US$ 78.80 (71.22 euros at today’s exchange rates), and at the close of the stock market gold fell to 1,956.3 dollars an ounce, the yield on the ten-year US bond remained at 3.872% and the dollar gained ground against the euro, with an exchange rate of 1.106.

Source: Elcomercio

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