Wall Street closes mixed and the Dow Jones falls 0.48%

Wall Street closed this Thursday on mixed ground and the Dow Jones Industrials, its main indicator, fell 0.48% after a session of little movement and focused on economic data.

At the end of operations on the New York Stock Exchange, the Dow Jones fell to 34,722 points, while the selective S&P 500 lost 0.16%, to 4,508 integers.

The Nasdaq composite market index, which groups technology companies, rose 0.11%, to 14,034 units.

The New York parquet closed today a bad month of August that leaves accumulated losses in the three main indicators.

During the day, investors searched for direction in light of the latest consumer and inflation data in the US, which could lead to the Federal Reserve (Fed) to raise interest rates in September.

American consumer spending grew 0.8% in July, according to the Bureau of Economic Analysis (BEA), while the personal consumption expenditures index, a gauge of inflation, grew 0.2%. , in line with the previous month.

This Thursday it was also learned that China’s manufacturing production fell for the fifth consecutive month, fueling fears of a complicated slowdown in the world’s second largest economy.

Most sectors closed in red, led by health (-1.21%), public services (-1.03%) and real estate (-0.76%); the steepest gain was for non-essential goods (0.51%).

Among the 30 listed Dow Jones, losses predominated, led by UnitedHealth (-3.03%), Boeing (-2.11%) and American Express (-1.45%).

On the positive side, the technology company Salesforce rose 2.99% in reaction to better-than-expected quarterly results and good forecasts, all driven by the development of artificial intelligence.

In other markets, Texas oil rose to $83.63 a barrel and at the close of the stock market, the 10-year bond fell to 4.10%, gold fell to $1,967 an ounce and the dollar strengthened against the euro, with a change of 1,084.