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Wall Street opens in green and the Dow Jones rises 0.03%

Wall Street opened in green and the Dow Jones Industrial Average, its main indicator, rose 0.03%, as investors try to figure out what the next steps of the Federal Reserve (Fed) will be.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 34,509 units and the selective S&P 500 added 0.23%, up to 4,461 points.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, rose 0.43%, up to 13,807 points.

However, despite the green this morning, the New York stock market is headed for a week of losses amid concerns that the Federal Reserve may raise rates more than expected.

Yesterday it was announced that the weekly number of unemployment benefit applications in the United States fell last week to 216,000, that is, 13,000 less than the previous week.

This data raised investor fears that the strong labor market could encourage the Federal Reserve to continue raising interest rates.

The US central bank will hold a two-day meeting starting on September 19 and will announce its decision on whether or not to raise interest rates on September 20.

By sector, the greatest gains were for energy and technology, which rose 0.82% and 0.7%, respectively; while the greatest losses were for healthcare and industrial, with drops of 0.18% and 0.13%.

Among the 30 Dow Jones stocks, the biggest losses were for Boeing (-0.97%) and Verizon (-0.64%), while the biggest gains were for Apple (1.28%) and Dow (1.08 %).

Meanwhile, the shares of the apple company recover from the declines seen this week after The Wall Street Journal published yesterday that the Chinese Government prohibited all government officials and official agencies from using iPhones in hours of work.

Source: Elcomercio

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