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Wall Street closes in green and the Dow Jones rises 0.54%

Wall Street closed this Wednesday in green and the Dow Jones Industrials, its main indicator, rose 0.54%, in a day where all eyes are on the results of Nvidia and its role in the Intelligence “boom”. Artificial (AI).

At the end of operations on the New York Stock Exchange, the Dow Jones rose to 34,472 points, while the selective S&P also advanced 1.10%, up to 4,436 integers.

The Nasdaq composite market index, which brings together technology companies, was the one that rose the most – there have been three consecutive days of increases -, scoring a gain of 1.59%, to 13,721 units.

Investors take for granted positive results for Nvidia, the AI ​​giant, which today announces its quarterly results.

The losses observed in the footwear and sportswear sector weighed less on stockbrokers: the fall of Foot Locker (-28.06%) dragged down Nike (-2.68%), Adidas (-3.30%) and Puma (-3.75%).

“I think nothing matters now more in the short term than Nvidia’s results,” Gratus Capital chief investment officer Todd Jones told CNBC, “because obviously the story of weak production and high consumption numbers doesn’t necessarily rhyme with the direction the market is taking.

By sectors, except for energy (-0.3%), all traded upwards, significantly led by technology (1.92%) and real estate (1.43%).

Among the 30 Dow Jones listed companies, the green numbers predominated, led by Merck (3.8%), Intel (3.31%) and Apple (2.19%); in red, the fall of Nike and that of Johnson & Johnson (-0.9%) stood out.

In other markets, Texas oil fell to $78.89 a barrel, the ten-year bond fell to 4.192% and at the close of the stock market gold rose to $1,945.6 an ounce, while the dollar lost ground against the euro, with a change of 1.0861.

Source: Elcomercio

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