Wall Street opens in green and the Dow Jones rises 0.71%

Wall Street begins the week in green and the Dow Jones Industrials, its main indicator, rose 0.71%.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 34,591 units and the selective S&P 500 added 0.57%, up to 4,431 points.

For its part, the composite index of the Nasdaq market, in which the main technology companies are listed, rose 0.69%, to 13,684 integers.

Investors are still scrutinizing Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium in Wyoming last Friday.

Powell affirmed that the regulator will continue to maintain high rates until inflation is controlled, although he opened the door to a possible pause in the increases.

“We are prepared to raise rates further if appropriate and intend to keep policy tight until we are confident that inflation continues to decline sustainably toward our target,” he said.

However, in the conclusions of his speech he did open the door for a pause: “In the next meetings we will evaluate our progress based on the totality of the economic data and the evolution of the perspectives and risks. Based on this assessment, we will proceed cautiously in deciding whether to further tighten monetary policy or, conversely, hold the rate,” he said.

As of Monday morning, investors believed with a probability of almost 20% that the Fed could raise rates again at its next meeting in September, according to CME Group’s FedWatch tool.

By sectors, green reigned and the main gains were for energy and communications, with increases of 1.13 and 1.05%, respectively.

Among the 30 Dow Jones stocks, the only losses were for Merck (-0.2%) and Johnson & Johnson (-0.15%), while the biggest gains were for 3M (6%) and Goldman (1.6%). %).