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Wall Street opens in red and the Dow Jones falls 0.11%

Wall Street opened in red and the Dow Jones Industrial Average, its main indicator, fell 0.11%, breaking yesterday’s pace of increases.

Ten minutes after the start of operations on the New York Stock Exchange, the Dow Jones stood at 34,867 units and the selective S&P 500 was down 0.43%, up to 4,485 points.

For its part, the Nasdaq market composite index, in which the main technology companies are listed, fell 0.60%, to 13,841 integers.

Yesterday, the technology company Arm was launched on the stock market, opening above its IPO price of $51 per share and closing at $63.59.

Today, the British company opened with a rise of 3.10%.

This Friday, thousands of workers at three assembly plants of General Motors (1.46%), Ford (-0.16%) and Stellantis (0.66%) in the United States began a strike due to the lack of an agreement to the signing of a new collective agreement.

Furthermore, today it was announced that US industrial production rose 0.4% in August, thus adding two consecutive months of increases, although in year-on-year terms it has accumulated a drop of two tenths.

By sector, the largest increases were for public services and healthcare, which added up to 0.46% and 0.22%, respectively. While the greatest losses were for non-essential goods and technology, which fell by 1.07% and 0.77%.

Among the 30 Dow Jones stocks, the biggest losses were for Caterpillar (-1.54%) and Home Depot (-1.29%), while the biggest gains were for Walt Disney (1.7%) and Johnson & Johnson (1.76%).

Source: Elcomercio

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