Wall Street closes with gains and the Dow Jones rises 1.58%

Wall Street It closed this Monday with gains and its main indicator, the Dow Jones Industrial Average, rose 1.58% in a day of rebound after the accumulated losses last week.

At the end of operations on the New York Stock Exchange, the Dow Jones rose to 32,929 units, while the selective S&P 500 advanced 1.20%, to 4,167 points.

The Nasdaqm index, in which large technology companies are listed, rose 1.16%, up to 12,789 units.

According to analysts, investors have started the week with confidence since in the previous week they already discounted concerns about the economic future with their share sales.

The yield on the 10-year Treasury bond, which last week exceeded 5%, today stood at 4.88% ahead of the Federal Reserve (Fed) meeting to be held from Tuesday to Wednesday.

The movement in the debt market was also due to the Treasury Department’s announcement that it will borrow, through tradable debt, $776 billion during the last quarter of the year.

The Fed’s decision on interest rates is expected on Wednesday, which will probably remain in the same range; on Thursday, Apple’s results, and on Friday, the monthly labor market report.

All sectors advanced today, led by communications (2.06%) and finance (1.71%).

Virtually all 30 Dow Jones stocks also rose, with Nike (3.90%) and Goldman Sachs (3.77%) standing out.

In other markets, Texas oil fell to $82.31 per barrel, and at the close of trading, gold rose to $2,005 per ounce and the dollar lost ground against the euro, with an exchange rate of 1.061.