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Wall Street closes in red and the Dow Jones falls 0.43%

Wall Street it closed in red this Friday and its main indicator, the Dow Jones Industrials, fell 0.43% after a day marked by the monthly employment data in the US and the results of two large technology companies.

Upon completion of operations in New York, the Dow Jones it stood at 35,065.6 points, while the selective S&P lost 0.53%, up to 4,478 points.

The Nasdaq moved 0.36%, up to 13,909.2 units.

The New York parquet started the session in the green but ended in negative territory, according to some analysts because investors have sold shares to take profits in sight of the end of the earnings season.

According to the US Government employment report, 187,000 new jobs were created in July and the transition rate fell slightly, to 3.5%, signs of cooling in the labor market, amid the Federal Reserve interest rate hike campaign.

At the corporate level, Amazon shot up more than 8% after announcing good quarterly results yesterday that exceeded expectations, while Apple fell almost 5% to disclose lower billing.

By sectors, losses predominated and were led by technology companies (-1.49%), public services (-1.21%) and essential goods (-1.02%).

The rise in non-essential goods companies (1.91%) stood out, and a slight rebound in energy companies (0.03%)

Among the 30 Dow Jones listed companies, the most affected was Apple (-4.80%), followed by Caterpillar (-1.78%) and 3M (-1.57%).

On the positive side, the ones that advanced the most were Amgen (5.45%) and Intel (1.14%).

In other markets, Texas oil rose to 82.82 dollars a barrel, and at the close of the stock market gold rose to 1,977.1 dollars an ounce (1,796.2 euros at today’s exchange rate), the yield of the 10-year bond it yielded to 4.042% and the dollar lost ground against the euro, with a change of 1.1005.

Source: Elcomercio

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