Wall Street opens in green and the Dow Jones rises 0.42%

Wall Street opened in green and the Dow Jones Industrials, its main indicator, rose 0.42%, when investors analyze the latest employment report and business results.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 35,363 units and the selective S&P 500 gained 0.57%, up to 4,527 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.90%, to 14,085 integers.

The creation of new jobs in the US continued its slowdown in July, although the unemployment rate hardly changed, since it fell by just one tenth, to 3.5% compared to the previous month, according to data published this Friday by the Bureau of Labor Statistics (BLS).

The creation of new jobs slowed down considerably in the seventh month of the year, with 187,000 net new jobs, well below the average of 312,000 for the previous twelve months.

Regarding unemployment, it remained practically unchanged in July, with a total of 5.8 million people without work. The number of long-term unemployed continued with hardly any changes, 1.2 million people in July, which represents 19.9% ​​of the unemployed.

The slowdown in job creation is an indication that the labor market is gradually cooling off, which is in line with the objectives of the Federal Reserve (Fed), which seeks to reduce inflation.

After announcing its results yesterday after the stock market closed, Amazon shares rose more than 9% this morning, after beating Wall Street expectations.

While the shares of Apple, which yesterday published in its business results lower income than the quarter of the previous year, fell 2.48%.

So far this corporate earnings season, about 79% of S&P 500 companies have released their results, and about 80% have beaten Wall Street expectations, according to FactSet.

However, as of Thursday’s close, all three major indices are on track to end the week lower.

By sectors, gains reigned, the highest increases were for non-essential goods and communications, which added 3.17% and 1.22%, respectively. While the only losses were for real estate and technology, which remained 0.34% and 0.01%, respectively.

Among the 30 Dow Jones stocks, the companies with the biggest losses were Apple and Home Depot (-0.71%), while the biggest gains were for Amgen (4.11%) and Microsoft (2.13%).