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Wall Street closes in red and the Dow Jones loses 0.54%

Wall Street it closed this Wednesday in red and the Dow Jones Industrials, its main indicator, lost 0.54%, when investors await the new inflation data that will be released on Thursday.

At the end of the operations in the NYSEthe Dow Jones fell to 35,123 points, while the selective S&P 500 dropped 0.70%, up to 4,467 units.

Worse was the composite index of the Nasdaq market, which groups technology companies and which fell 1.17%, to 13,722 integers.

The general impression is that the inflation figure for July will be around 0.2%, a figure that is very far from what it showed a year ago, in July 2022, when it rose 8.5% at the inflationary peak.

And yet, it does not seem that these data are going to suppose that the Federal Reserve stop raising interest rates. As the economic portal CNBC headlines, “Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘Mission Accomplished’ just yet.”

By sectors, the worst unemployed this Wednesday were technology (-1.51%) and communications (-1.24%), while among the winners only energy stood out (1.22%), encouraged in his case by oil prices in an apparently unstoppable rise.

Among the 30 Dow Jones values, the biggest falls were for Salesforce (-2.7%) and Intel (-2.11%), while among those that closed in green, Dow (0.96%) and Honeywell (0.96%) stood out. 0.85%).

At the close of the stock market, Disney, the entertainment giant, which reported a quarterly loss and fell 1.6% in a first bad market reaction, published its business results in electronic operations.

In other markets, Texas oil rose to US$ 84.40 a barrel and, at the close of the market, gold fell to 1,949 dollars an ounce, the yield of the US ten-year bond fell to 4.004% and the dollar lost ground against to the euro, with a change of 1,097.

Source: Elcomercio

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