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Wall Street opens in green and the Dow Jones gains 0.65%

Wall Street opened this Thursday in the green and the Dow Jones Industrials, its main indicator, gained 0.65% at the opening after knowing the inflation data for July.

Two minutes after the start of operations at the NYSEthe Dow Jones stood at 35,350 units and the selective S&P 500 rose 0.65%, to 4,496 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, gained 0.85%, up to 13,838 integers.

Today the most expected data was that of inflation in July, which stood at a slight rise of 0.2% (3.2% year-on-year), which was what most analysts expected and which does not completely dispel the fears of new interest rate hikes by the Federal Reserve (Fed).

On Wednesday, the entertainment giant Disney reported quarterly profits 8% higher than in the corresponding quarter of 2022, thus adding to generally positive results for most large companies, above forecasts in many cases.

By sectors, all woke up today in green, with the highest gains being for consumer goods (1.18%) and communications (0.95%).

Among the 30 Dow Jones values, practically all were in the green in these early stages of the day, with the highest gains for Nike (1.85%). Intel (1.75%) and Salesforce (1.69%).

Source: Elcomercio

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