Wall Street opens in green and the Dow Jones rises 0.55%

Wall Street opened this Friday in the green and the Dow Jones Industrials, its main indicator, rose 0.55%, when investors are awaiting the words of the president of the US Federal Reserve (Fed), Jerome Powell, today at the Jackson Hole symposium.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 34,286 units and the selective S&P 500 added 0.51%, up to 4,398 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.55%, to 13,558 integers.

The Jackson Hole Economic Symposium in Wyoming brings together central bankers and financial figures from around the world.

“While markets await Powell’s words, stocks were sensitive to the Fed’s remarks yesterday. Philadelphia Fed President Patrick Harker was the first to mention that he would be ‘tight’ for a while, reinforcing the prospect of ‘higher for longer’ rates and thus triggering a sell-off.”highlights Tom Essaye in his report for The Sevens Report.

By sectors, green reigned and the main gains were for non-essential goods and industrials, with increases of 0.8% and 0.71%, respectively.

Among the 30 Dow Jones stocks the only losses were for Walgreens (-0.12%), UnitedHealth (-0.07%) and Amgen (-0.05%), while the biggest gains were for Salesforce (1.13% ) and IBM (1.01%).